Twitter Settles Shareholder Class Action

Twitter announced a $809.5 million settlement in a shareholder class action. The class action covers investors who purchased the stock from February 6, 2015 to July 28, 2015.

In 2016, shareholders alleged that Twitter artificially inflated its stock price in a class action lawsuit. The suit claims Twitter mislead the shareholders about user engagement by discounting reporting “timeline views” in 2014 and tried to downplay declining user engagements by modifying their user metrics. In turn, the suit alleges these actions caused the stock price inflation.

This blog is intended to provide information to the general public and to practitioners about developments that may impact Oregon class actions.

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Steve Larson

An experienced trial lawyer who handles both hourly and contingent fee cases, Steve has expertise in class actions, environmental clean-up litigation, antitrust litigation, securities litigation, corporate disputes, intellectual property disputes, unfair competition claims, and disputes involving family wealth. Steve regularly represents individuals and businesses in federal and state court and has obtained class-wide recovery in multiple class actions. A veteran practitioner, Steve’s clients value his creative approach to resolving complex litigation matters.


Legal Disclaimer

The information contained in this blog does not constitute legal advice, and does not create an attorney-client relationship. We make no claims, promises or guarantees about the accuracy, completeness, or adequacy of the information contained in or linked to this blog.