By Sarah Jarvis (January 20, 2022, 2:02 PM EST) – Motley Rice LLC helped broker $809.5 million deal with Twitter announced same day jury selection was to begin in lawsuit in court over allegations that the social media giant overstated user engagement, earning the firm a spot as one of Law360’s 2021 Securities Groups of the Year.
The settlement, which awaits final approval in the Northern District of California, puts an end to claims that Twitter overstated user engagement in 2015, causing shares to plummet nearly 15% in one day. Gregg S. Levin, who has worked on the case since inception, said the settlement ranks 18th in terms of gross settlement funds…
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