Ruling against Musk, unanimously
A jury has ruled against Elon Musk, who was sued by a group of Twitter investors, claiming they relied on his statements.
Ruling against Musk, unanimously A jury unanimously ruled against Elon Musk after a two-day deliberation in a lawsuit filed by Twitter investors who claimed they relied on his statements. The jury found that Musk artificially lowered Twitter’s stock price by $8 to $3 per share between May and October 2022 through his public statements. Musk had previously testified that he did not mislead investors and that his comments were over-interpreted.
- A jury unanimously ruled against Elon Musk.
- Twitter investors sued Musk, claiming they relied on his statements.
- The jury found Musk artificially lowered Twitter’s stock price between May and October 2022.
- The stock price was lowered by approximately $8 to $3 per share due to his public statements.
- Musk had argued in court that he did not mislead investors and his comments were over-interpreted.
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