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Technology Stocks : Twitter, Inc.
TWTR 42.07-1.4%Dec 3 4:02 PM EST

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From: Sr K9/20/2021 10:57:29 AM
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Twitter to Pay $809.5 Million to Settle Securities Suit

Suit alleged social-media company misled investors about user engagement in 2015


Twitter said it expects to record a charge for the settlement in the third quarter.PHOTO: DAVID PAUL MORRIS/BLOOMBERG NEWS

By Colin Kellaher
Sept. 20, 2021 10:23 am ET

Twitter Inc. said it agreed to pay more than $800 million to settle a consolidated class-action securities lawsuit alleging the social-media company deliberately misled investors about user engagement in 2015.

The San Francisco company on Monday said the proposed settlement would resolve all claims against Twitter and the other named defendants without any admission, concession or finding of any fault, liability or wrongdoing.

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