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US Judge Keeps Twitter Investor Fraud Verdict Against Musk Intact for Now
@AJEnglish reported that a US federal judge rejected Elon Musk's attempt to overturn a jury verdict finding he defrauded Twitter investors. The verdict centered on efforts to lower the company's stock price after a $44 billion takeover agreement.
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A US federal judge rejected Elon Musk's bid to void a jury verdict that found he defrauded Twitter investors. @AJEnglish reported that the verdict determined Musk tried to drive down Twitter's stock price after agreeing to the $44 billion takeover. The jury had examined actions taken following the acquisition agreement.
The ruling leaves the verdict intact and concerns claims involving Twitter investors.
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