September
20, 2021. Twitter agreed to pay $809.5 million to end a securities class action
lawsuit that was brought against the company in the Northern District of
California. Plaintiffs alleged that Twitter concealed declining user engagement
and user growth. Professor
Steven Feinstein of Babson College and Crowninshield
Financial Research provided expert testimony and reports on market efficiency
and loss causation and damages, and consulted on the plan of allocation.
Additional information is available at Reuters.
