# Twitter (X Corp)

Type: Company

Source: Legal & RegTech Intelligence Brief — https://getlegalbrief.com/entity/twitter-x-corp
Canonical HTML page: https://getlegalbrief.com/entity/twitter-x-corp

## Timeline

- **2026-07-06**: Judge rejects Musk’s bid to set aside verdict — Judge Breyer denies motions to void the jury verdict and decertify the class, grants prejudgment interest, but finds one tweet not actionable.
- **2026-03-20**: Jury verdict finds Musk liable for fraud — Federal jury in San Francisco returns verdict that Musk defrauded Twitter investors with the May 2022 tweets, paving the way for damages.
- **2022-05-17**: Musk tweets deal 'cannot move forward' — Musk says the acquisition cannot proceed until Twitter’s CEO proves bots are under 5%. Further damages shareholder confidence.
- **2022-05-13**: Musk tweets deal 'on hold' — Musk states the Twitter purchase is temporarily on hold pending verification that spam/bot accounts represent less than 5% of users. Stock begins two-day 18% decline.

## Recent coverage (1 stories)

### Judge Rejects Musk’s Bid to Set Aside $2.6B Twitter Fraud Verdict
2026-08-01 06:17:18 · Sentiment: Negative · Impact: 6/10 · Sources: 2

A federal judge refused to void a jury verdict finding Elon Musk liable for securities fraud via 2022 tweets about Twitter bots, preserving a potential $2.6 billion damages award. The ruling affirms that executive tweets can trigger Rule 10b-5 liability and grants prejudgment interest to the investor class.
Full story: https://getlegalbrief.com/story/legal-musk-twitter-fraud-verdict-set-aside-denied

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