New York —
A California jury on Friday largely sided with Twitter shareholders who accused billionaire Elon Musk of making false statements and intentionally driving down the social media company’s stock ahead of his $44 billion acquisition in 2022. But they absolved Musk of claims of engaging in a “scheme” to defraud investors.
The decision resolves a civil class action lawsuit filed by a group of Twitter shareholders against Musk in October 2022 — weeks before he took control of the company. The weekslong trial saw Musk forced to take the stand in a San Francisco