Technology,
Civil Litigation
Dec. 11, 2020
Judge tosses investor class action against Twitter over ‘puffery’
U.S. District Judge Yvonne Gonzalez Rogers found that Twitter executives made “vaguely optimistic statements” that should have been “understood by reasonable investors as puffery,” as opposed to misleading statements and omissions.
A federal judge dismissed a proposed shareholder class action by investors against Twitter on Thursday that claimed the company downplayed the impact a software fix to protect user privacy would have on its stock.
U.S. District Judge Yvonne Gonzalez Rogers found that Twitter executives made "vaguely optimistic statements" that should have been "understood by reasonab...
For only $95 a month (the price of 2 article purchases)
Receive unlimited article access and full access to our archives,
Daily Appellate Report, award winning columns, and our
Verdicts and Settlements.
Or
$795 for an entire year!
Or access this article for $45
(Purchase provides 7-day access to this article. Printing, posting or downloading is not allowed.)
Already a subscriber?
Sign In
