Former Twitter shareholders sued Musk, alleging that he intentionally sought to drive down the company's value before his October 2022 purchase of the company.

Twitter investors claim that Musk manipulated the market during his takeover of the social media company, causing them to lose billions of dollars.

Elon Musk's lawyers filed a motion for mistrial in the Twitter securities fraud case, arguing cumulative prejudice and community animosity make a fair trial impossible.

Once his stake became public, Twitter's stock surged by 27% in a single day. ‘That sounds high,’ Musk responded ...

Musk told the jury that “people tend to read too much into things that I do,” and described the stock market as “manic depressive,” pointing out that it can fluctuate.

Musk is on trial for a case filed by Twitter investors in 2022, the year he purchased the social media company for $44 billion.

Elon Musk took the stand in a shareholder trial on Wednesday in San Francisco, where he’s accused of making false and misleading statements that drove down Twitter’s stock price before he bought the ...

Shareholders accused Musk of violating federal securities laws by making false, public statements that “were carefully calculated to drive down the price of Twitter stock.” ...

Elon Musk reached a deal to buy Twitter in April 2022. On May 13, 2022, he declared his plan "temporarily on hold" over the ...

Musk is accused of making false and misleading statements that drove down Twitter’s stock price before he bought the social ...