Recent Security Class Actions

Twitter Inc. Common Stock (NYSE: TWTR)

46 Days left to seek lead plaintiff status.

Company Name:Twitter Inc. Common Stock
Stock Symbol:NYSE: TWTR
Class Period Start:08/03/2020
Class Period End (inclusive):08/23/2022
Filing Deadline:11/14/2022

The Complaint alleges that Defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose material adverse facts about the Company's business operations and prospects. Specifically, the Complaint alleges that: (1) Twitter knew about security concerns on their platform; (2) Twitter actively worked to hide the security concerns from the board, the investing public, and regulators; (3) contrary to representations in SEC filings, Twitter did not take steps to improve security; (4) Twitter’s active refusal to address security issues increased the risk of loss of public goodwill; and (5) as a result, Defendants’ statements about Twitter’s business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

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