US EditionElon Musk Ordered to Pay up to $2.6 Billion
37 Articles
37 Articles
According to a U.S. federal court, the tech multibillionaire misled its shareholders before buying the online service in 2022 to push the company's share price. It's about two tweets.
U.S. Court: Elon Musk Manipulated Stock with Posts During Twitter Acquisition A jury has ruled that Tesla CEO Elon Musk is liable to compensate investors for intentionally driving down the stock price during the acquisition of Twitter's current company, X. According to the Associated Press and Bloomberg on the 20th...
Musk Likely To Owe Billions For Misleading Investors Re Twitter Purchase
A jury on Friday found Elon Musk misled investors by deliberately driving down Twitter’s stock price before he acquired the social media company. Twitter shareholders sued Musk in 2022, accusing him of having lowered the value of their investments with tweets designed to force the company to renegotiate his $44 billion offer of purchase. Musk had tweeted that the site was full of fake accounts and that the deal was “temporarily on hold,” The New…
A Californian jury found that Elon Musk had broadcast misleading information when he bought Twitter in 2022. A rare decision for Tesla's boss, whose comments helped to bring down the course of action of the social network.
A U.S. jury found Elon Musk guilty of misleading tweets prior to the Twitter purchase. Possible damages are in the billions range. Musk's team announces appeal.
Elon Musk was found guilty of cheating Twitter shareholders on his chaotic takeover of the social network in 2022. The damage to the victims was estimated at several billion dollars. Billionaire's lawyers announced that he intended to appeal. - Elon Musk found guilty of cheating shareholders at the time of Twitter's (International) takeover.
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