Investors Get Cert. In Twitter Stock-Drop Suit

Law360 (July 17, 2018, 5:28 PM EDT) -- A California federal judge on Monday certified a class of investors accusing Twitter Inc. of overstating user engagement and ultimately causing shares to fall almost 15 percent in one day.

U.S. District Judge Jon S. Tigar appointed KBC Asset Management NV and National Elevator Industry Pension Fund to represent a class of investors who were allegedly harmed by Twitter's failure to disclose metrics related to daily active users and by its misleading statements about positive user engagement. Motley Rice LLC and Robbins Geller Rudman & Dowd LLP will serve as the investors' co-counsel.

"Motley Rice and Robbins Geller have both 'vigorous[ly]...

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