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.