Elon Musk's bid to set aside Twitter fraud verdict rejected by US judge
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Summary
Musk wrote on May 13, 2022, that his deal was “temporarily on hold” pending confirmation that bot accounts did “indeed represent less than 5% of users,” as Twitter had claimed. Breyer found there was “substantial evidence of falsity” to Musk’s May 13 claim, which suggested to the public that he had the right to pause the deal. A federal judge on Monday rejected Elon Musk’s bid to void a jury verdict finding that the world’s richest person defrauded Twitter investors by trying to drive down the social media company’s stock price after agreeing to a US$44 billion takeover.
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Musk wrote on May 13, 2022, that his deal was “temporarily on hold” pending confirmation that bot accounts did “indeed represent less than 5% of users,” as Twitter had claimed.
according to Washington ExaminerBreyer found there was “substantial evidence of falsity” to Musk’s May 13 claim, which suggested to the public that he had the right to pause the deal.
according to Washington ExaminerA federal judge on Monday rejected Elon Musk’s bid to void a jury verdict finding that the world’s richest person defrauded Twitter investors by trying to drive down the social media company’s stock price after agreeing to a US$44 billion takeover
according to New Straits Times
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