Elon Musk Found Liable for Misleading Investors in Twitter Deal
Elon Musk has been held liable by a jury for misleading investors before his $44 billion Twitter acquisition. However, he was cleared of some fraud charges.
A jury has determined that Elon Musk misled investors by intentionally lowering Twitter's stock price in the turbulent months leading up to his 2022 purchase of the social media platform for $44 billion.
Despite the verdict, the jury cleared Musk of certain fraud allegations related to the case.