Cotchett, Pitre & McCarthy LLP and Bottini & Bottini, Inc. Announce Pendency of Class Action for all Persons and Entities who Sold the Publicly Traded Stock or Call Options, or Purchased the Put Options, of Twitter, Inc.

SAN FRANCISCO, May 15, 2025 /PRNewswire/ -- 

To all persons and entities who sold the publicly traded stock or call options, or purchased the put options, of Twitter, Inc. during the period from May 13, 2022, through October 4, 2022, both dates inclusive (the "Class Period"), and who suffered damages by Defendant's alleged violations of § 10(b) and of the Exchange Act.

You could be affected by a class action lawsuit against Elon Musk ("Defendant"). The Court, which authorized this Notice, is allowing the case to proceed as a class action on behalf of a "Class" and appointed attorneys as "Class Counsel."  The Court has not determined that Defendant did anything wrong.  Defendant has not been ordered to pay any money.  No settlement has been reached.  There is no money available now and no guarantee that there will be.

What is this case about?

The Complaint alleges that Defendant violated Section 10(b) of the Securities Exchange Act of 1934, as well as Rule 10b-5, by engaging in securities fraud in connection with Class Members' sales of Twitter's common stock or call options, or purchase of put options, during the Class Period. Defendant denies any wrongdoing in this lawsuit and believes that the claims are without merit.

Are you included?

You are a potential "Class member" only if you sold the publicly traded stocks or call options, or purchased the put options, of Twitter, Inc. during the period from May 13, 2022, through October 4, 2022, inclusive, and suffered damages by defendant's alleged violations of Sections 10(b) and of the Exchange Act.

What are your options?

If you want to stay in the Class, you do not have to do anything now.  If you do nothing, you will stay in the Class and be bound by the Court's orders and will lose any right you may have to sue Defendant regarding the factual circumstances and claims in this case.  If you do not want to be a Class member or to be bound by what the Court does and want to keep any rights you may have to sue Defendant over the factual circumstances and claims asserted in this case, you need to exclude yourself.  To be excluded, you must send a letter to Twitter Acquisition Litigation, c/o Epiq Systems, Inc., ATTN: EXCLUSIONS, PO Box 3015, Portland, OR 97208-3015, and must include certain information, as set forth in the Long-Form Notice available at the website listed below.  If you choose to exclude yourself, you cannot get money or benefits recovered if any are awarded at a later date.  The deadline to exclude yourself is July 8, 2025.

Unless otherwise allowed by the court, Class members will not have another opportunity to exclude themselves from this litigation.

Where to get more information?

This Notice is only a summary.  For more information visit www.TwitterAcquisitionLitigation.com or call 888-863-8101.  Inquiries, other than requests for the Long-Form Notice, may be made to Lead Counsel:

COTCHETT, PITRE & McCARTHY LLP
840 Malcolm Road, Suite 200
Burlingame, CA 94010
www.cpmlegal.com
Telephone:  (650) 697-6000
[email protected] 

BOTTINI & BOTTINI, INC.
Francis A. Bottini, Jr., Esq.
7817 Ivanhoe Avenue, Suite 102
La Jolla, California 92037
www.bottinilaw.com
Telephone: (858) 914-2001
[email protected]

SOURCE Cotchett, Pitre & McCarthy LLP; Bottini & Bottini, Inc.