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Jury Rules Musk Misled Twitter Investors Ahead of $44bn Acquisition
Elon Musk faces up to $2.6 billion in damages after a jury ruled he misled Twitter shareholders before acquiring the company.
A US federal jury in California has concluded that Elon Musk misled shareholders of Twitter while publicly criticising the company before moving to buy it for $44 billion.
The decision in the class action securities case opens the possibility of damages reaching as high as $2.6 billion, according to reports by CNBC and other media organisations.
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