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Twitter to settle lawsuit alleging it misled investors for $809 mn
short by Hiral Goyal / on Monday, 20 September, 2021
Twitter has agreed to pay $809.5 million to settle a shareholder class action lawsuit from 2016 that accuses it of misleading investors about user engagement. The proposed settlement will resolve all claims against the company without any admission of fault or wrongdoing, Twitter said. Twitter plans to use cash on hand to pay settlement amount by the end of 2021.
read more at Reuters