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Twitter to pay $809.5 million to settle shareholder lawsuit - New Delhi Times - India Only International Newspaper - Vimarsana News

Twitter to pay $809.5 million to settle shareholder lawsuit - New Delhi Times - India Only International Newspaper

Twitter said Monday it will pay $809.5 million to settle a consolidated class action lawsuit alleging that the company misled investors about how much its user base was growing and how much users interacted with its platform. The San Francisco company said the proposed settlement, which must still be signed off by a judge, resolves…

SmileDirectClub Beats Stockholders' $700M Insider Sale Suit - Vimarsana News

SmileDirectClub Beats Stockholders' $700M Insider Sale Suit

Delaware's Chancery Court shot down a shareholder suit Friday that accused SmileDirectClub Inc. directors and officers of unjust enrichment through allegedly overpriced company buys of nearly $700 million in pre-initial public offering LLC units from insiders, finding that transaction terms were set before those who sued became shareholders.

Source: law360.com