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The Economic Times
The Economic Times
Technology

Elon Musk's bid to set aside Twitter fraud verdict rejected by US judge

A federal judge on Monday rejected Elon Musk's bid to void a jury verdict finding that the world's ​richest person defrauded Twitter investors by trying to ​drive down the social media company's stock price after agreeing to a $44 billion takeover.

U.S. District ​Judge Charles Breyer in San Francisco also denied Musk's motion to decertify the class of investors, and granted the investors' motion for prejudgment interest. The judge did, however, find Musk not liable for one of his challenged tweets.

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