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In re Twitter Inc. Securities Litigation

  1. September 20, 2021

    Twitter Cuts $810M Deal To End Securities Suit On Eve Of Trial

    With Twitter Inc. set to face trial Monday in a certified securities class action in California federal court, the social media giant agreed to pay $809.5 million to end claims it overstated user engagement in 2015 and caused shares to fall almost 15% in one day.

  2. July 12, 2021

    Twitter Judge Probes Parties As Investor Case Barrels To Trial

    The California federal judge overseeing Twitter's upcoming trial over claims it misled investors about user engagement sorted through questions about jury instructions and verdict forms at a pretrial hearing Monday, pressing lawyers about whether Twitter can be liable for statements and actions by executives who aren't named defendants.

  3. April 22, 2019

    Twitter Can Ask Stock-Drop Suit Witnesses About Atty Convos

    A California federal magistrate judge said that the attorney work-product doctrine does not bar Twitter Inc. from questioning 10 former employees, who are confidential witnesses for a class of investors in a stock-drop suit, about their conversations with the investors’ attorneys.

  4. July 17, 2018

    Investors Get Cert. In Twitter Stock-Drop Suit

    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.

  5. July 12, 2018

    Twitter Investors Seek Class Cert. In Stock-Drop Suit

    Twitter shareholders sought class certification Thursday for their claims the company inflated its stock price by lying about key user statistics, telling a California federal judge that according to one of his own past rulings, they could rely on contemporaneous market analyses to calculate damages.

  6. April 17, 2018

    Twitter Fights Investors' Class Cert. In User Metrics Suit

    Twitter Inc. urged a California federal judge Monday to deny class certification for investors who are suing the company for allegedly inflating its stock price by lying about key user statistics, saying the investors have yet to show how they would calculate damages for the entire proposed class.

  7. February 07, 2018

    Twitter Investors Can See CEO Docs, But Not Direct Messages

    A California federal magistrate judge ruled on Wednesday that investors who sued Twitter for allegedly inflating key user statistics can get access to emails and documents from its CEO Jack Dorsey but said the company couldn't be forced to turn over his or most other defendants' Twitter direct messages.

  8. October 17, 2017

    Twitter Can't Shake Investors' Daily Metrics Claims

    A California federal judge on Monday denied the bulk of Twitter Inc.'s bid to escape investors' allegations that the social network intentionally hid flagging user engagement to boost stock sales, keeping alive claims that the company's omission of certain metrics was intentionally misleading.

  9. October 05, 2017

    Twitter's User Metrics Set Off #Legal Storm With Investors

    Twitter and its investors squared off before a California federal judge Thursday over the latter's allegations that the social network and two of its executives misled them about its user metrics to boost its stock, with the company arguing that the alleged misrepresentations are hearsay or nonactionable statistics that were "reversed engineered."

  10. May 03, 2017

    Twitter Slams Investor Fraud Suit Over Metrics

    Twitter Inc. asked a California federal judge to throw out class allegations that the social network and two of its executives misled investors about its advertising and user metrics to boost its stock, saying Tuesday the investors bemoan its efforts to ensure they were not misled with irrelevant data.

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