This is the property of the Daily Journal Corporation and fully protected by copyright. It is made available only to Daily Journal subscribers for personal or collaborative purposes and may not be distributed, reproduced, modified, stored or transferred without written permission. Please click "Reprint" to order presentation-ready copies to distribute to clients or use in commercial marketing materials or for permission to post on a website. and copyright (showing year of publication) at the bottom.
Subscribe to the Daily Journal for access to Daily Appellate Reports, Verdicts, Judicial Profiles and more...

Mar. 3, 2026

Musk fraud trial opens with clash over story behind Twitter tweets

Opening statements began in a securities fraud trial over Elon Musk's Twitter acquisition, with plaintiffs claiming his "temporarily on hold" tweet tanked the stock and defense arguing he sought transparency about bots.

Musk fraud trial opens with clash over story behind Twitter tweets
Michael T. Lifrak of Quinn Emanuel Urquhart & Sullivan LLP

Senior U.S. District Judge Charles R. Breyer asked the attorneys to make sure their opening statements Monday in the securities lawsuit surrounding Elon Musk's acquisition of Twitter would help him fight jetlag after his return from Prague late the night before.

"I trust that your openings will be riveting, and there will be no possibility the court will fall asleep," Breyer said before inviting the jury into the room.

Aaron P. Arnzen of Bottini & Bottin...

To continue reading, please subscribe.
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
$895, but save $100 when you subscribe today… Just $795 for the first 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?

Enewsletter Sign-up