Twitter Attempts To Settle 2016 Lawsuit With $800 Million

Twitter announced that it will pay $809.5 million to resolve shareholder class-action lawsuit alleging that the firm misled investors about how often its platform was utilized, on September 20. The deal put an end to a case that shareholders sued in September 2016. Jury-selection was supposed to begin on September 20, but U.S. District-Judge Jon Tigar in Oakland, California postponed it until late November at a hearing on September 17.