
Jury Rules Musk Misled Twitter Investors in 2022 Buyout
A San Francisco jury found Elon Musk defrauded Twitter investors during the $44 billion 2022 takeover, ruling that his May 13 and May 17 tweets about bot counts were false or misleading. The verdict did not find a broader fraud scheme, but damages per share and per stock option for the May 13–Oct 3, 2022 period could total over $2.6 billion, with Musk planning to appeal.