(TWTR) NEWS: Did You Lose Money on Your Twitter Investment? Contact Johnson Fistel Regarding Investigation
SAN DIEGO- Globe Newswire —April 18, 2022
Shareholder rights law firm Johnson Fistel, LLP is investigating potential violations of the federal securities laws by Twitter, Inc. (“Twitter” or “the Company”) (NYSE: TWTR) between March 24, 2022 and April 1, 2022, inclusive (the “Class Period”). To serve as lead plaintiff in this class action, you must move the Court no later than June 13, 2022.
What actions may I take at this time? If you suffered a substantial loss and are interested in learning more about being a lead plaintiff, please contact Jim Baker (jimb@johnsonfistel.com) by email or phone at 619-814-4471. If emailing, please include a phone number.
There is no cost or obligation to you.
On April 4, 2022, Elon Musk disclosed the purchase of 9.2% stake in Twitter. This announcement was followed by a 27% increase in the stock price on the same day. Pursuant to Section 13(d) of the Exchange Act and SEC Rule 13d-1 promulgated thereunder, 17 C.F.R. § 240.13d-1(a), Musk was required to file a Schedule 13 with the SEC within 10 days of passing the 5% ownership threshold in Twitter, or March 24, 2022. Investors who sold the Company’s shares between March 14, 2022, the date on which Musk should have disclosed his stock purchases, and April 4, 2022, the date he did disclose his purchases, potentially lost out on significant gains when the market reacted to Musk’s disclosure.
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.
See original press release here
Contact:
Johnson Fistel, LLP
Jim Baker, 619-814-4471
Investor Relations