Federal jury finds Elon Musk misled investors during Twitter acquisition, impacting share price
A federal jury in California has found that Elon Musk misled investors in connection with his acquisition of Twitter, leading to a significant drop in the company's share price. The verdict, delivered on Friday, found Musk liable for false statements made in two tweets during May, which were deemed to have affected investor decisions amid the $44 billion deal. The class action securities lawsuit was brought forth by investor Giuseppe Pampena on behalf of those who sold Twitter shares between mid-May and early October. The jury's decision comes after a lengthy three-week trial held in San Francisco federal court, where... [Continue Reading]
Jury finds Elon Musk liable for decline in Twitter investors' stock following comments on acquisition plan
A jury in California has ruled that Elon Musk is responsible for the significant decline in Twitter investors' stock after his public comments surrounding his plan to acquire the platform. The unanimous decision was handed down during a trial in federal court located in San Francisco, where it was determined that Musk’s disparaging remarks affected Twitter’s stock price, allowing him to negotiate a better deal for his purchase of the company, valued at approximately $44 billion. Investors argued that Musk's accusations, which centered around the prevalence of bots and spam accounts on Twitter, intentionally misled the market. Over a six-month... [Continue Reading]
Ex-Nodus Bank CEO Pleads Guilty to $24.9M Fraud and Venezuela Sanctions Evasion
The former Chief Executive Officer of Nodus International Bank, a Puerto Rican-based international financial institution, pleaded guilty to leading a multimillion-dollar wire fraud conspiracy. He unlawfully siphoned approximately $24.9 million from the bank, diverting funds for personal use. In addition, he participated in a scheme to evade U.S. economic sanctions by conducting transactions with an individual sanctioned due to connections with the Venezuelan regime. This fraudulent activity compromises the trustworthiness of the financial system by exploiting a key executive role to circumvent legal controls. It also weakens U.S. sanctions aimed at pressuring Venezuela, potentially enabling illicit financial flows that support... [Continue Reading]
360LiveNews | 20 Mar 2026 15:42
