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Precedo Capital Group LLC v. Twitter Inc.
Case Number:
1:13-cv-07678
Court:
Nature of Suit:
Judge:
Firms
Companies
Sectors & Industries:
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April 21, 2014
Twitter Ducks $124M False Stock Sale Suit
A New York federal judge on Monday tossed a $124 million suit alleging Twitter engineered a failed private sale to boost investor interest before its November 2013 initial public offering, finding the plaintiffs could not prove that Twitter had any role in the fraud.
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October 30, 2013
Twitter Faces $124M Suit For Fake Private Stock Sale
Twitter Inc. was hit with a $124 million suit in New York federal court Wednesday by Precedo Capital Group Inc. and Continental Advisors SA, which alleged the social media company engineered a failed private sale to boost investor interest in its initial public offering.