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In re Twitter, Inc. Shareholder Derivative Litigation
Case Number:
3:16-cv-06136
Court:
Nature of Suit:
Multi Party Litigation:
Derivative Litigation
Judge:
Firms
Companies
Sectors & Industries:
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April 12, 2017
Twitter, Investors Hit Pause On Suit Over User Metrics
Twitter Inc. and three investors have agreed to pause a consolidated derivative suit in California federal court over allegations that lies by Twitter leadership about user activity caused its stock to trade at artificially high prices, saying they want to see how a similar case plays out.
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October 25, 2016
Twitter Brass Falsely Inflated Stock Price, Suit Claims
Top executives of Twitter Inc. on Monday were hit with a shareholder derivative suit in California federal court by an investor claiming lies from the social media company's leadership about user activity caused Twitter stock to trade at artificially high prices and cost investors hundreds of millions when the truth was revealed.