US court denies Musk's request to scrap Twitter fraud ruling

A federal judge has turned down Elon Musk’s request to toss out a jury’s decision that he misled Twitter shareholders by trying to lower the company's stock value during his $44 billion acquisition. The judge stated that a change of heart by a speaker does not provide an excuse for deceiving the public. Attorneys representing the investors suggest that Musk might be liable for damages reaching as high as $2.6 billion.

by shortkt.com
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US court denies Musk's request to scrap Twitter fraud ruling | ShortKT