A jury has found Elon Musk liable for misleading investors by deliberately driving down Twitter’s stock price leading up to ...

The jury said that while Musk was liable for misleading investors with two tweets — including one said the Twitter deal was ...

Elon Musk was misleading in his public statements during a crucial period of his 2022 Twitter takeover, a jury has found. After two days of deliberations, a jury in San Francisco federal court decided ...

A federal jury in California found Friday that tech tycoon Elon Musk misled Twitter shareholders, driving down the company's share price as he was poised to buy it in a ...

Elon Musk defrauded Twitter Inc. investors when he disparaged the company in 2022 in an effort to buy the social media ...

While finding that Musk did not engage in a specific scheme to defraud shareholders, the jury cited two of Musk’s tweets, ...

At the time, Musk had tweeted that Twitter had too many bots, which is why he was trying to renege on his commitment to buy the company.

The jury rejected other allegations that Musk had engaged in a coordinated “scheme” to defraud Twitter shareholders.

The verdict was a rare loss for Mr. Musk, who investors claimed had tried to drive down the share price of the social media company, now called X, to renegotiate his $44 billion offer.

A jury in California found that Elon Musk misled Twitter investors in the runup to his $44 billion purchase of the social media company. Musk was originally sued in late 2022 after completing his ...