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A business ticker reports on various developments including discounter Kik closing 300 stores, a US jury finding Elon Musk deliberately harmed Twitter shareholders, an EV battery startup pivoting to defense, and luxury cars stranded due to the Iran war.
Elon Musk has been found liable by a California jury for misleading Twitter shareholders amid his $44 billion acquisition of the social media platform in 2022.
A court has ruled that Elon Musk misled Twitter shareholders with critical tweets during his 2022 takeover bid, potentially leading to damages of up to 2.25 billion euros for minority shareholders.
A federal jury found tech billionaire Elon Musk liable for misleading Twitter shareholders during his 2022 takeover, a decision he now plans to appeal.
A federal jury in California has found tech tycoon Elon Musk misled Twitter shareholders, causing the company's share price to drop as he prepared to buy it in a $44 billion deal.
A federal jury in San Francisco has found Elon Musk guilty of misleading Twitter shareholders in a civil lawsuit related to his acquisition of the social media company.
A California jury has found Elon Musk responsible for some Twitter investor losses, concluding he misled them with critical tweets during his 2022 takeover bid and tried to drive down the share price to renegotiate his $44 billion offer, specifically finding he misled shareholders regarding the number of bots on Twitter.
A US federal jury has found billionaire Elon Musk liable for defrauding Twitter investors through public statements made during his 2022 takeover bid, which artificially lowered the company's stock price, by deliberately depressing the share price to reduce the purchase cost.
According to damages calculated by jurors, Musk could be ordered to pay out as much as $2.6 billion.