0h 4min, mar 20, 2026 y - Musk misled Investors ahead of X Acquisition

Description:

A jury in California found that Elon Musk defrauded Twitter shareholders during the runup to his $44 billion acquisition of the social media company, according to a verdict issued on Friday.

Total damages could reach up to $2.6 billion, attorneys for the plaintiffs said.

The class action lawsuit, Pampena v. Musk, was originally filed in October 2022, after Musk completed his purchase of Twitter for $54.20 per share. He later renamed the company X, before merging it with his artificial intelligence company xAI, and then with SpaceX, his reusable rocket manufacturer.

Added to timeline:

Date: