Twitter Acquisition Litigation

All persons and entities who sold the publicly traded stock or call options, or purchased the put options, of Twitter, Inc. during the period from May 13, 2022, through October 4, 2022, both dates inclusive, and who suffered damages by Defendant’s alleged violations of § 10(b) and of the Exchange Act.

The purpose of this Website is to inform you of a class action lawsuit now pending in the United States District Court for the Northern District of California (the “Court”) against Elon Musk (“Musk” or “Defendant”) relating to his acquisition of Twitter, Inc. (“Twitter”). This Notice is intended only to advise you that the action has been certified by the Court to proceed as a class action on behalf of certain sellers of Twitter publicly traded common stock and publicly traded call options on Twitter stock and purchasers of publicly traded put options on Twitter stock and your rights with respect to the lawsuit.

The Court has not determined that the Defendant did anything wrong and this Notice is not an admission by the Defendant or an expression of any opinion of the Court concerning the merits of the lawsuit, or a finding by the Court that the claims asserted by Class Representatives Brian Belgrave, John Garrett, and Nancy Price (collectively, “Class Representatives”) in this case are valid.

The Court decided that this lawsuit can proceed as a class action because it meets the requirements of Federal Rule of Civil Procedure 23, which governs class actions in federal district courts. Specifically, the Court found that a significant number of investors sold the publicly traded common stock of Twitter, sold call options on Twitter stock, or purchased put options on Twitter stock, during the period from May 13, 2022, through October 4, 2022, both dates inclusive (the “Class Period”), and that the claims asserted in the lawsuit are common enough to apply to all of those investors.

You may have legal rights and options to exercise before the Court decides who wins the case. Judge Charles R. Breyer of the United States District Court for the Northern District of California is overseeing this class action. The lawsuit is titled Pampena v. Musk, Case No. 3:22-cv-05937-CRB. More information about why the Court is allowing this lawsuit to proceed as a class action is contained in the Court’s Order Granting Class Certification, which is available here.

There is no settlement or monetary recovery at this time and there is no guarantee there will be any recovery. However, your legal rights are affected.