YORK, Sept. 30, 2022 /PRNewswire/ -- Jakubowitz
Law announces that a securities fraud class action lawsuit has
commenced on behalf of shareholders of Twitter, Inc. (NYSE:
To receive updates on the lawsuit, fill out the
The lawsuit seeks to recover losses for shareholders who
purchased Twitter between August 3,
2020 and August 23, 2022.
Shareholders interested in acting as a lead plaintiff
representing the class of wronged shareholders have until
November 14, 2022 to petition
the court. Your ability to share in any recovery doesn't require
that you serve as a lead plaintiff.
According to a filed complaint, Twitter, Inc. issued materially
false and/or misleading statements and/or failed to disclose 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 its filings with the U.S. Securities and
Exchange Commission, 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.
Jakubowitz Law is vigorous in pursuit of justice for
shareholders who have been the victim of securities fraud. Attorney
advertising. Prior results do not guarantee similar outcomes.
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SOURCE Jakubowitz Law