Jury determined Musk artificially depressed Twitter’s stock price by roughly $3 to $8 per share between May and October 2022
A federal jury found Elon Musk intentionally misled Twitter investors during his 2022 acquisition, artificially lowering stock prices by $3 to $8 per share. The lawsuit, Pampena v. Musk, centers on Musk’s public statements questioning Twitter’s bot metrics. Class members may claim damages due to his misleading comments, marking a notable securities fraud case. Continue reading Jury determined Musk artificially depressed Twitter’s stock price by roughly $3 to $8 per share between May and October 2022