Twitter trial accusing Musk of driving down stock set for closing arguments

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Closing arguments are set to begin in a U.S. civil trial in San Francisco between Elon Musk and Twitter (now X) shareholders on Tuesday, March 18, 2026. The class-action lawsuit, filed before Musk acquired Twitter in October 2022, accuses him of deceptive behavior that misled investors as he attempted to withdraw from his $44 billion acquisition deal. The core of the dispute revolves around Musk's claims that Twitter misrepresented the number of bots and fake accounts on the platform, exceeding the 5% disclosed in filings. Musk used this as justification to try and back out of the purchase. The trial examines whether Musk's actions artificially drove down Twitter's stock price before he ultimately honored the original agreement.
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