US judge tosses out Musk’s bid to void Twitter fraud verdict
- Jurors had found Twitter owner Musk liable for tweets in which he questioned whether the platform was overrun by fake and spam accounts that had led to a slump in share prices.
- A United States federal judge has rejected Elon Musk’s bid to void a jury verdict finding that Musk, the world’s richest person, defrauded Twitter investors by trying to drive down the social media company’s stock price after agreeing to a $44bn takeover.
- US District Judge Charles Breyer in San Francisco, California on Monday also denied Musk’s motion to decertify the class of investors, and granted the investors’ motion
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- Jurors had found Twitter owner Musk liable for tweets in which he questioned whether the platform was overrun by fake and spam accounts that had led to a slump in share prices.
- A United States federal judge has rejected Elon Musk’s bid to void a jury verdict finding that Musk, the world’s richest person, defrauded Twitter investors by trying to drive down the social media company’s stock price after agreeing to a $44bn takeover.
- US District Judge Charles Breyer in San Francisco, California on Monday also denied Musk’s motion to decertify the class of investors, and granted the investors’ motion
Sources: Al Jazeera