SAN FRANCISCO, March ⁠20 (Reuters) - A U.S. federal jury found Elon Musk liable on Friday for claims he defrauded Twitter shareholders by trying ⁠to drive down the social media company's stock price so he could renegotiate or back out of a $44 ‌billion takeover in 2022. Damages have yet to be ​calculated but Francis Bottini, a lawyer for the shareholders, estimated they could total about $2.5 ⁠billion. Jurors also said the shareholders didn't prove a separate claim that Musk engaged in a scheme to defraud them. The lawsuit covers investors who claimed to sell Twitter shares at prices Musk artificially depressed ​between May 13 and October 4, 2022. (Reporting by Abhirup Roy in San Francisco and Jonathan Stempel in New York; Editing by Daniel Wallis and Rosalba O'Brien)

Source: The Star March 21, 2026 11:54 UTC