April 01, 2026
Investors in X, the social media platform formerly known as Twitter, have been granted class certification in litigation alleging tech billionaire Elon Musk secretly amassed a significant stake in the company while its stock traded at artificially depressed prices.
January 02, 2026
A Fourth Circuit case that could be important to the future of class action practice, a dispute between Elon Musk and former Twitter shareholders and a high court battle over the Investment Company Act are all on the list of cases that securities practitioners will be following in 2026.
October 23, 2025
A New York federal judge on Thursday blocked Elon Musk from asserting that he relied on his attorneys' advice in deciding when to disclose that he had taken an ownership interest in Twitter, saying it wouldn't be fair to the platform's former shareholders to allow him to move forward with that defense.
October 08, 2025
Elon Musk must explain whether he plans to argue that he relied on legal advice to defend himself against a dispute over his acquisition of an ownership stake in Twitter, with a New York federal judge saying Musk's statements on the matter have so far been contradictory.
August 20, 2025
Twitter shareholders have asked a New York federal judge to force Elon Musk to either hand over discussions he had with his attorneys prior to his pre-acquisition purchase of Twitter shares or to declare that he does not plan to use the advice of counsel defense, saying Musk cannot use his attorneys as both "a sword and a shield."
June 24, 2025
Shareholders of the social media company formerly known as Twitter have asked a New York federal judge to certify their proposed class in a suit accusing Elon Musk of failing to timely disclose his purchase of company stock back when it was publicly traded.
June 05, 2025
A New York federal judge on Thursday gave the all-clear for investor-side firm Bernstein Litowitz Berger & Grossmann LLP to hire the U.S. Securities and Exchange Commission's former litigation chief over the objections of Elon Musk.
May 27, 2025
A New York federal judge questioned his authority to weigh in on Bernstein Litowitz Berger & Grossmann LLP's hiring decisions after it sought permission to employ a former U.S. Securities and Exchange Commission attorney who Elon Musk claims could disadvantage him in a shareholder lawsuit, asking the firm and Musk to brief him on what may be an issue of first impression.
May 08, 2025
Elon Musk is opposing a move by plaintiff-side firm Bernstein Litowitz Berger & Grossmann LLP to hire the U.S. Securities and Exchange Commission's former chief litigation counsel, arguing in a court filing that the lawyer "played a personal and substantial role" in suing Musk while at the SEC.
April 23, 2025
Investor-side firm Bernstein Litowitz Berger & Grossmann LLP has disclosed in a court filing that it is seeking to hire Jorge Tenreiro, the former head of the U.S. Securities and Exchange Commission's crypto enforcement unit as well as the onetime chief of the agency's entire litigation team.