Twitter to pay some shareholders $ 809 million in out-of-court settlement

2021-09-20T14:33:34.250Z

Investors accused the leaders of a false communication on the results of the social network in 2015. Twitter will pay $ 809.5 million to shareholders of the group who accused the leaders of a false communication on the results of the social network in 2015. The out-of-court settlement, announced in a document filed Monday with the US regulator of financial markets (SEC) and yet to be approved by a judge, ends the lawsuit brought in a federal court in Oakland (California) by these shareholders.