A federal judge paused a lawsuit by Twitter shareholders alleging misleading statements and corporate waste against several of the media platform’s officers and directors on the company’s behalf.
The shareholder derivative suit against Twitter Inc. is on hold until another securities suit against the company concludes, according to a July 23 magistrate judge report. The derivative suit can resume in February 2020 if the other suit isn’t over by then, the U.S. District Court for the District of Delaware Judge Mary Pat Thynge said in her recommendation.
The securities fraud suit, filed in the U.S. District Court for the ...
Learn more about Bloomberg Law or Log In to keep reading:
See Breaking News in Context
Bloomberg Law provides trusted coverage of current events enhanced with legal analysis.
Already a subscriber?
Log in to keep reading or access research tools and resources.