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Investor Class Action Filed Against Twitter, Inc. for Securities Fraud Violations
Company Name: Twitter, Inc.
Court: United States District Court for the Northern District of California
Case Number: 16-cv-05314
Judge: The Hon. Jon Steven Tigar
Class period: Between February 6, 2015 and July 28, 2015
Security Type: Common stock

Case Background:

On September 16, 2016, the initial complaint in this securities class action was filed against Twitter, Inc. (“Twitter”), and certain of Twitter’s directors and officers, asserting violations of sections 10(b) and 20(a) of the Securities Exchange Act. The Class Representatives allege that defendants made materially false and misleading statements during the Class Period in press releases and filings with the U.S. Securities and Exchange Commission and in oral statements to the media, securities analysts and investors. Specifically, the omissions and false and misleading statements artificially inflated the price of Twitter’s common stock and, when defendants disclosed the true facts, Twitter’s stock price dropped.

On February 15, 2018, Class Representatives filed a motion for class certification. On July 17, 2018, the Court issued an order granting the motion, certifying the Class as: all persons and entities that, during the period from February 6, 2015, through July 28, 2015, inclusive (the “Class Period”), purchased or otherwise acquired shares of the publicly traded common stock of Twitter, Inc., and were damaged thereby.

Current Status of Case:

The parties are currently briefing various pre-trial motions. A trial has been scheduled for September 20, 2021. This action is still ongoing.

This action is still ongoing. If you would like additional information about the suit, please click on the link "Submit Your Information" above and fill out the form as promptly as possible.

CONTACT:
Kessler Topaz Meltzer & Check, LLP
James Maro, Esq. or Adrienne Bell, Esq.
280 King of Prussia Road
Radnor, PA 19087 1-844-887-9500 (toll free) or 1-610-667-7706
Or by e-mail at info@ktmc.com

Please complete this form and list your purchase and sale transaction(s) for Twitter, Inc. (NYSE: TWTR) securities between February 6, 2015 and July 28, 2015, both dates inclusive (the “Class Period”):

You may also contact James Maro, Jr., Esq. or Adrienne Bell, Esq. at 610.667.7706 or toll free at 844.887.9500, or you may submit your information via email at info@ktmc.com, or you may click here to print a PDF of this form.

* Denotes required field
 
 
 
 
 
 
# of Shares
Price per Share
 
 
 
Principal Amount
Amount Paid
Series or CUSIP
 
 
 
# of Contracts
Price per Contract
Exercise Price
Expiration Date
Did you purchase shares of Twitter, Inc. (2016) prior to the Class Period?
Are you a current or former employee of Twitter, Inc. (2016)?
The submission of this form does not create an attorney-client relationship, nor an obligation on the part of Kessler Topaz or you to file a lead plaintiff motion in this matter. Any information you submit will be maintained as confidential. If Kessler Topaz, in its sole discretion, believes that you might be an appropriate lead plaintiff candidate, Kessler Topaz will contact you to discuss the matter and whether to establish an attorney client relationship. By signing this form you are authorizing us to contact you regarding this case and/or future cases.
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