We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Twitter Investors Seek Class Cert. In Stock-Drop Suit

Law360, San Francisco (July 12, 2018, 10:34 PM EDT) -- 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.

Lead plaintiff KBC Asset Management sought to represent anyone who acquired Twitter stock between Feb. 6, 2015, and July 28, 2015, the period during which Twitter and two of its former executives allegedly violated two sections of the Securities and Exchange...
To view the full article, register now.

Related

Sections

Case Information

Case Title

In re Twitter Inc. Securities Litigation


Case Number

3:16-cv-05314

Court

California Northern

Nature of Suit

Securities/Commodities

Judge

Jon S. Tigar

Date Filed

September 16, 2016

Law Firms

Companies

Judge Analytics

Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.