American court rules Elon Musk deceived Twitter investors
A federal jury in California delivered a verdict on Friday, determining that Elon Musk had provided misleading information to Twitter shareholders as he was on the verge of acquiring the company in a massive $44 billion deal, as reported by various media outlets.
nThe outcome of this class action securities lawsuit could potentially result in Elon Musk, the world's richest person, being required to pay damages of up to $2.6 billion, according to reports from CNBC and other news organizations.
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