Musk Found Liable in $Billions Class Action Over Twitter Stock Manipulation

A California jury has delivered a landmark ruling against Elon Musk, finding him liable for misleading Twitter investors through a series of public statements that artificially depressed the company’s share price before his acquisition. The verdict, delivered in a class action lawsuit, could saddle Musk with damages potentially exceeding billions of dollars to compensate a broad swath of affected investors.

Dispatch from: Victor Hale

Equities & Market Dynamics Analyst