33 votes

Elon Musk found liable to Twitter shareholders in fraud lawsuit over $44 billion takeover

Posted by asteroid
Tags: social media, usa, x, elon musk, business, legal, lawsuits, fraud, shareholders, author.abhirup roy, author.jonathan stempel, source.reuters, paywall
https://www.reuters.com/sustainability/boards-policy-regulation/musk-found-liable-twitter-shareholders-fraud-lawsuit-over-44-billion-takeover-2026-03-20/

Link information

This data is scraped automatically and may be incorrect.

Authors
Abhirup Roy, Jonathan Stempel
Published
Mar 20 2026
Word count
633 words

3 comments

  1. Eji1700
    Link
    Glad he was found liable. Not optimistic he’ll have any real consequences. Haven’t looked at any details but I assume if this can be appealed that will also happen first

    Glad he was found liable. Not optimistic he’ll have any real consequences. Haven’t looked at any details but I assume if this can be appealed that will also happen first

    20 votes
  2. [2]
    Bullmaestro
    Link
    Completely forgot that his buyout of Twitter ended up being forced through, making his offer one of the most expensive shitposts in history.

    Completely forgot that his buyout of Twitter ended up being forced through, making his offer one of the most expensive shitposts in history.

    16 votes
    1. hobbes64
      Link Parent
      It paid off by helping get Trump elected and that kept Musk out of jail

      It paid off by helping get Trump elected and that kept Musk out of jail

      14 votes