# Twitter

Type: Company (TWTR)

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

## Timeline

- **2026-03-24**: Liability Verdict — A federal jury finds Musk liable for shareholder fraud due to the disclosure delay.
- **2026-03-21**: Jury Verdict — Federal jury finds Musk liable for misleading investors during the disclosure delay.
- **2026-03-20**: Liability Verdict — A federal jury finds Musk liable for fraud against shareholders who sold during the non-disclosure window.
- **2026-03-04**: Musk Testifies — Elon Musk takes the stand in San Francisco to defend against shareholder manipulation claims.
- **2022-10-27**: Deal Closes — After a legal battle in Delaware, Musk completes the acquisition and takes Twitter private.
- **2022-10-27**: Acquisition Closes — Musk completes the $44 billion takeover of Twitter and takes the company private.
- **2022-10-27**: Buyout Closed — Musk completes the $44 billion acquisition and takes Twitter private.
- **2022-10-27**: Acquisition Finalized — Musk completes the $44 billion purchase of Twitter and takes the company private.
- **2022-05-13**: 'On Hold' Tweet — Musk tweets the deal is 'temporarily on hold' pending bot count verification, causing stock to plunge.
- **2022-04-25**: Acquisition Agreement — Twitter accepts Musk's offer to buy the company for $44 billion ($54.20 per share).
- **2022-04-04**: Stake Disclosure — Musk reveals a 9.2% stake in Twitter, though he passed the 5% threshold in mid-March.
- **2022-04-04**: Delayed Disclosure — Musk finally discloses a 9.2% stake; Twitter shares jump 27% immediately.
- **2022-04-04**: Delayed Disclosure — Musk finally discloses a 9.2% stake in Twitter, causing shares to surge.
- **2022-04-04**: Delayed Disclosure — Musk finally discloses a 9.2% stake; Twitter shares jump from $39 to nearly $50.
- **2022-03-24**: Filing Deadline — The legal deadline for Musk to file a Schedule 13D disclosure passes without action.

## Recent coverage (4 stories)

### Jury Finds Elon Musk Liable in Landmark Twitter Shareholder Fraud Case
2026-03-24 10:49:58 · Sentiment: Bearish · Impact: 7/10 · Sources: 2

A federal jury has found Elon Musk liable for defrauding Twitter shareholders by failing to disclose his significant stake in the company within the legally mandated timeframe. The verdict marks a significant legal defeat for Musk and reinforces the critical importance of timely SEC disclosures in corporate takeovers.
Full story: https://getlegalbrief.com/story/musk-liable-twitter-shareholder-fraud-verdict

### Jury Rules Elon Musk Misled Twitter Investors During $44B Acquisition
2026-03-21 13:31:00 · Sentiment: Bearish · Impact: 7/10 · Sources: 2

A federal jury has found Elon Musk liable for misleading Twitter shareholders by delaying the disclosure of his significant stake in the company in early 2022. The verdict paves the way for a damages phase that could result in hundreds of millions of dollars in payouts to investors who sold their shares before the buyout was publicly announced.
Full story: https://getlegalbrief.com/story/musk-misled-twitter-investors-verdict

### Musk Found Liable for Fraud in $44B Twitter Takeover Shareholder Suit
2026-03-21 01:18:57 · Sentiment: Bearish · Impact: 7/10 · Sources: 2

A federal jury has found Elon Musk liable for defrauding Twitter shareholders during his 2022 acquisition of the social media giant. The verdict centers on Musk's failure to disclose his 5% stake within the legally mandated timeframe, which allegedly allowed him to save millions at the expense of selling investors.
Full story: https://getlegalbrief.com/story/musk-liable-twitter-shareholder-fraud

### Musk Testifies in High-Stakes Twitter Stock Manipulation Trial
2026-03-04 20:11:10 · Sentiment: Bearish · Impact: 6/10 · Sources: 4

Elon Musk has taken the stand in a significant shareholder lawsuit alleging he intentionally deflated Twitter's stock price to gain leverage during his 2022 acquisition. The case examines whether Musk's public skepticism regarding bot accounts and delayed disclosures constituted illegal market manipulation or protected speech.
Full story: https://getlegalbrief.com/story/musk-twitter-shareholder-trial-testimony

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