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Musk Found Liable To Twitter Shareholders In Fraud Lawsuit Over $44 Billion Takeover
"Musk's status as the world's richest man is not a free pass," a lawyer for the shareholders said in a statement.
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cnbc.com
Elon Musk misled Twitter investors ahead of $44 billion acquisition, jury says
Elon Musk was sued in late 2022 after completing his acquisition of Twitter, which he later renamed X.
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arstechnica.com
Jury agrees that Musk's tweets during Twitter takeover misled investors
Verdict, while not a complete loss, could still cost him billions.
