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Mount Pleasant law firm negotiates $809 5M settlement for Twitter shareholders
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Motley Rice Reaches $809 5 Million Settlement To Resolve Twitter Securities Class Action
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Twitter Judge Probes Parties As Investor Case Barrels To Trial
Law360, Oakland, Calif. (July 12, 2021, 9:27 PM EDT) The California federal judge overseeing Twitter s upcoming trial over claims it misled investors about user engagement sorted through questions about jury instructions and verdict forms at a pretrial hearing Monday, pressing lawyers about whether Twitter can be liable for statements and actions by executives who aren t named defendants.
U.S. District Judge Jon S. Tigar who is set to preside over a jury trial in September over investor claims that the social media giant overstated user engagement in a 2015 earnings call, causing shares to fall nearly 15% in one day expressed skepticism at Twitter s argument that the corporation cannot.
ABA Antitrust Law Section to host virtual Consumer Protection Conference, July 12-13
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Ex-Wells Fargo Exec Can t Nix SEC s Accounts Scandal Claim
Law360 (June 28, 2021, 10:42 PM EDT) A California federal judge ordered Monday that a former Wells Fargo executive face a claim in the U.S. Securities and Exchange Commission s lawsuit against her over the bank s fake accounts scandal, saying the government properly alleged she sold millions in stock while helping prop up its price with fraudulent statements.
Carrie L. Tolstedt, the former head of Wells Fargo s Community Bank, sought to dismiss one of the four claims against her, but U.S. District Judge Jon S. Tigar rejected her argument that her 2014 sale of $11.8 million of Wells Fargo stock cannot be directly tied to allegations that she made.