Overview
- A jury found Elon Musk liable in March 2026 for misleading statements about bot accounts during his 2022 bid to buy Twitter and a federal judge on Monday largely refused to void that verdict.
- Judge Charles R. Breyer found 'substantial evidence of falsity' for Musk’s May 13, 2022 tweet but ruled Musk not liable for the May 17, 2022 tweet because it had no measurable market effect.
- The court denied Musk’s bid to decertify the class of investors and rejected claims the jury was biased, including an argument based on a blue-ink '$4.20' notation on the verdict form.
- Breyer granted the investors’ request for prejudgment interest and plaintiffs’ lawyers estimate damages in the case at roughly $2.5 billion to $2.6 billion, though the final award remains unresolved.
- Musk’s legal team has signaled they will seek appellate review and the ruling sets a clear precedent that public social-media posts can trigger securities claims against corporate actors.