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A federal judge has ruled against Elon Musk's appeal regarding a jury verdict that found he defrauded investors during his Twitter acquisition. The judge upheld that Musk's May 13, 2022 tweet about bot accounts affected Twitter's stock price but dismissed claims related to a subsequent tweet. The plaintiffs allege Musk's statements misled investors, causing financial losses.
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A federal judge has ruled against Elon Musk's appeal regarding a jury verdict that found he defrauded investors during his Twitter acquisition. The judge upheld that Musk's May 13, 2022 tweet about bot accounts affected Twitter's stock price but dismissed claims related to a subsequent tweet. The plaintiffs allege Musk's statements misled investors, causing financial losses.
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Judge delivers mixed bag to Elon Musk in Twitter fraud case appeal
Judge Rules on Elon Musk's Appeal in Twitter Fraud Case