TWTR News: Johnson Fistel, Globally-Recognized Law Firm, Begins Investigation on Behalf of Twitter Investors Who Sold Their Shares During Elon Musk’s Acquisition
SAN DIEGO, May 27, 2022 (GlobeNewsWire)—Shareholder rights law firm Johnson Fistel, LLP (www.JohnsonFistel.com) encourages Twitter, Inc. (“Twitter” or the “Company”) (NYSE: TWTR) who sold their shares during the period of the Twitter acquisition by Elon Musk.
The class action is on behalf of shareholders who sold Twitter securities between March 24, 2022 – April 1, 2022, both dates inclusive (the “Class Period”). Investors are hereby notified that they have until June 13, 2022 to move the Court to serve as lead plaintiff in this action.
What if I Sold Twitter common stock? If you sold Twitter common stock and suffered significant losses on your investment, join our class action now:
There is no cost or obligation to you.
The complaint alleges that Musk began acquiring Twitter shares in Jan. 2022, and by Mar. 14, 2022 Musk had acquired over 5% of Twitter’s outstanding shares – requiring Musk to disclose his stake in Twitter by Mar. 24, 2022. Musk, however, did not disclose his stake but secretly built it to a 9.1% stake.
What actions may I take at this time? If you suffered a loss and are interested in learning more about being a lead plaintiff, please contact Jim Baker (firstname.lastname@example.org) by email or phone at 619-814-4471. If emailing, please include a phone number.
A lead plaintiff will act on behalf of all other class members in directing the Twitter class-action lawsuit. The lead plaintiff can select a law firm of its choice to litigate the class-action lawsuit. An investor’s ability to share any potential future recovery of the Twitter class action lawsuit is not dependent upon serving as lead plaintiff. For more information regarding the lead plaintiff process please refer to https://www.johnsonfistel.com/lead-plaintiff-deadlines.
About Johnson Fistel, LLP:
Johnson Fistel, LLP is a nationally recognized shareholder rights law firm with offices in California, New York and Georgia. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. Johnson Fistel seeks to recover losses incurred due to violations of federal securities laws. For more information about the firm and its attorneys, please visit http://www.johnsonfistel.com. Attorney advertising. Past results do not guarantee future outcomes.
Johnson Fistel, LLP
Jim Baker, 619-814-4471