LOADING ERROR LOADINGSAN FRANCISCO, March 20 (Reuters) - A U.S. federal jury found Elon Musk liable on Friday for claims he defrauded Twitter shareholders by trying to drive down the social media company’s stock price so he could renegotiate or back out of a $44 billion takeover in 2022. AdvertisementDamages have yet to be calculated but Francis Bottini, a lawyer for the shareholders, estimated they could total about $2.5 billion. AdvertisementJurors found Musk liable for two of the statements. Jurors also said the shareholders didn’t prove a separate claim that Musk engaged in a scheme to defraud them. AdvertisementThe lawsuit covers investors who claimed to sell Twitter shares at prices Musk artificially depressed between May 13 and October 4, 2022.

Source: Huffington Post March 21, 2026 04:33 UTC