Twitter sued by shareholder for 'misleading' investors

Monday 19 September 2016 | 09:06 CET | News
A shareholder of Twitter has sued the company for making misleading statements about its expected results prior to the recent fall in the company's share price. Former Twitter CEO Dick Costolo and current CFO Anthony Noto are named in the suit, which was filed in a Northern California District Court, Re/code reports. The plaintiff, Doris Shenwick claims that Costolo and Noto made "false statements that caused the price of Twitter common stock to be artificially inflated" during the period between its Q4 2014 and Q2 2015 earnings reports. The company's share price has fallen more than 60

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Categories: Mobile & Wireless
Companies: Twitter
Countries: World
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