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TWTR.US

Twitter (TWTR) Record $809.5M Shareholder Settlement

Claim deadline for this case already passed by, but we can still try and file for compensation for you
N.D. California
Court
4:16-cv-05314
Case number
06 Feb 2015
Class period Start
28 Jul 2015
Class period End
23 Nov 2022
Claim deadline
Twitter Inc (TWTR) settled $809.5 million in a securities class action lawsuit accusing it of deceiving investors about user engagement in 2015.

The initial complaint in this action was filed on September 16, 2016. It alleged that Twitter and its Leaders knowingly concealed and made false statements about the Company’s key operating metrics to artificially inflate the price of $TWTR and that when the Company disclosed the facts, Twitter’s stock price dropped.

The class action claimed Twitter misled investors about the following metrics:
  • monthly active users;
  • the total number of users on its platform;
  • the timeline views;
  • and how frequently users interacted with the platform.
After 5-year court proceedings, Twitter agreed to settle with investors to avoid further litigation.
Alleged Offence
Misleading Statements
Financial Misrepresentation
Failure to Disclose
Omissions
Suspected Party
Directors
Management
Security Type
Stocks
Trade Direction
Long
Payout per Share
2.82
Filing date
16 September 2016
Plaintiffs
KBC
Attorneys
Robbins Geller Rudman & Dowd LLP, Motley Rice LLC
Judge
Hon. Jon S. Tiger
Administrator
EPIQ
Court hearing date
17 November 2022
Trades matching type
FIFO
+$809,500,000
Total Settlement Amount
Created by Stan Vick, Scout

Twitter Inc

Twitter, Inc. operates as a platform for public self-expression and conversation in real-time. The company's primary product is Twitter, a platform that allows users to consume, create, distribute,...

    Ticker
    TWTR.US
    ISIN
    US90184L1026
    CIK
    1418091
    Sector
    Communication Services
    Industry
    Internet Content & Information
    Country
    USA
    Address
    1355 Market Street, San Francisco, CA, United States, 94103