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Musk's Twitter Trial: Jury Weighs Shareholders' Fraud Claims

3/18/2026

Summary

Story summary

Elon Musk's trial with Twitter shareholders concluded closing arguments on March 17.
Shareholders accuse Musk of misleading them as he backed out of the $44 billion Twitter/X purchase, because tweets about fake accounts drove down the stock price.
Musk's lawyer argued there is no evidence of fraud and that Musk's concerns about bots were genuine.
The jury is deliberating whether Musk's statements constitute securities fraud, with potential damages if liable.

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Story summary

Elon Musk's trial with Twitter shareholders concluded closing arguments on March 17.
Shareholders accuse Musk of misleading them as he backed out of the $44 billion Twitter/X purchase, because tweets about fake accounts drove down the stock price.
Musk's lawyer argued there is no evidence of fraud and that Musk's concerns about bots were genuine.
The jury is deliberating whether Musk's statements constitute securities fraud, with potential damages if liable.