U.S. District Court for the Northern District of California

organization

Last mentioned: Mar 4, 2026

Timeline

  1. Musk Testifies

    Elon Musk takes the stand in San Francisco to defend against shareholder manipulation claims.

  2. Deal Closes

    After a legal battle in Delaware, Musk completes the acquisition and takes Twitter private.

  3. 'On Hold' Tweet

    Musk tweets the deal is 'temporarily on hold' pending bot count verification, causing stock to plunge.

  4. Acquisition Agreement

    Twitter accepts Musk's offer to buy the company for $44 billion ($54.20 per share).

  5. Stake Disclosure

    Musk reveals a 9.2% stake in Twitter, though he passed the 5% threshold in mid-March.

Stories mentioning U.S. District Court for the Northern District of California 1

court-decisions Bearish

Musk Testifies in High-Stakes Twitter Stock Manipulation Trial

Elon Musk has taken the stand in a significant shareholder lawsuit alleging he intentionally deflated Twitter's stock price to gain leverage during his 2022 acquisition. The case examines whether Musk's public skepticism regarding bot accounts and delayed disclosures constituted illegal market manipulation or protected speech.

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