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  3. Elon Musk to Owe Estimated $2.1 Billion After Jury Finds He Misled Twitter Investors Before 2022 Buyout

Elon Musk to Owe Estimated $2.1 Billion After Jury Finds He Misled Twitter Investors Before 2022 Buyout

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  • beep@lemmus.orgB This user is from outside of this forum
    beep@lemmus.orgB This user is from outside of this forum
    beep@lemmus.org
    wrote on last edited by
    #1

    A jury has found Elon Musk liable for misleading investors by deliberately driving down Twitter's stock price in the tumultuous months leading up to his 2022 acquisition of the social media company for $44 billion. But it absolved him of some fraud allegations, finding that he did not "scheme" to mislead investors.

    Jury finds Elon Musk misled investors during Twitter purchase

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    (text.npr.org)

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