Jury Finds Elon Musk Liable for Misleading Twitter Investors in $44 Billion Buyout Fight
A federal jury in San Francisco on Friday held Elon Musk liable for misleading Twitter investors during the turbulent 2022 takeover battle, concluding that two of Musk’s public remarks concerning the acquisition and fake accounts led shareholders astray. Still, the jury didn’t go as far as saying Musk orchestrated a larger scheme to defraud investors.