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👍|Twitter seeks to settle 2016 class action lawsu…


Twitter seeks to settle 2016 class action lawsu…

(Reuters) -Twitter Inc said on Monday it would pay $809.5 million to settle a shareholder class action lawsuit from 2016 that alleged the company misled investors about its daily and monthly user engagement numbers. The individual defendants and Twitter continue to deny any wrongdoing or any other improper actions, the company said in a regulatory filing. The micro-blogging site expects to pay the settlement amount with cash on hand, it said, adding that the amount would be paid in the fourth quarter of this year. Twitter also said it expects to record a charge for this settlement during the t… →このまま続きを読む