US jury finds Elon Musk misled Twitter shareholders
The Peninsula
San Francisco, United States: A federal jury in California found Friday that tech tycoon Elon Musk misled Twitter shareholders, driving down the compa...
San Francisco, United States: A federal jury in California found Friday that tech tycoon Elon Musk misled Twitter shareholders, driving down the company's share price as he was poised to buy it in a $44 billion deal.
The verdict in the class action securities lawsuit means the world's richest person could be ordered to pay billions of dollars, according to damages calculated by jurors.
Minutes after the judgment was announced, the entrepreneur's lawyers informed AFP that their client will appeal the decision, characterizing it as a "setback."
After a three-week trial in a San Francisco federal court -- which included in-person testimony from Musk -- the jury found that two tweets posted in May 2022 by the Tesla and SpaceX CEO contained false statements responsible for a plunge in Twitter's share price.
Investor Giuseppe Pampena had filed the suit on behalf of people who sold Twitter shares between mid-May and early October 2022.
Dakar: Senegal football fans slammed AFCON S decision to strip the country of its Africa Cup of Nations title and give it to Morocco, calling the move...
In a statement carried by Iran s semi official Mehr news, the country s Supreme National Security Council confirmed the assassination of Larijani, aft...
Hong Kong: A woman on an evening walk in Macau was briefly hospitalised after a humanoid robot startled her and left her feeling unwell, police told A...
Jakarta: Tens of millions of Indonesians are travelling by motorcycle, car, plane or boat to their hometowns in an annual exodus for the Eid holiday t...
Doha: Israeli occupation forces invaded Monday the village of Al Samdaniyah Al Gharbiyah in the northern countryside of Quneitra, southern Syria. L...
Beijing: China said on Tuesday it will provide humanitarian assistance to Middle Eastern countries, including Iran and Lebanon, targeted in US and Isr...
Geneva: The Swiss government on Monday rejected a hard right proposal to limit immigration to stop the population from hitting 10 million before 2050,...
Beijing: Air China will resume direct flights between Beijing and Pyongyang from March 30, according to tour agencies and the state owned carrier s we...
Washington, United States: The United States will drop the price for Americans looking to formally renounce their citizenship by more than 80 percent,...
Geneva: The World Health Organization (WHO) has denounced yesterday the killing of 14 health workers in southern Lebanon over the past 24 hours, deman...
Tokyo: Two people, including a 17 year old girl, died Monday after a pair of boats carrying high school students capsized close to Japan s Okinawa isl...
Beirut:The head of the World Health Organization (WHO) says a total of 14 health workers have been killed in attacks in southern Lebanon over the past...
Washington, United States: US President Donald Trump on Saturday urged other nations to send ships to help secure the Strait of Hormuz, the critical c...