SAN DIEGO, Oct. 11, 2022 (GLOBE NEWSWIRE) — Bottini & Bottini, Inc., a securities litigation law firm, on behalf of all individuals who sold the common stock and securities of TWITTER, Inc. (NYSE: “TWTR”) at any time between May 13, 2022 and October 4, 2022 inclusive (the “Collection Period”). The lawsuit — pending in US District Court for the Northern District of California — seeks damages under federal securities laws for those who sold Twitter securities during the class-action period.

investors who have sold Twitter stock or other Twitter securities any time between May 13, 2022 and October 4, 2022 and any losses incurred are urged to contact the law firm immediately [email protected] or (858) 914-2001. Bottini & Bottini represents clients on a contingency fee basis. You can get additional information about the promotion on our website, www.bottinilaw.com.

If you have SOLD Shares or other securities by Twitter, Inc. and want to join the case as Lead Plaintiff, you must by December 12, 2022 at the latestrequest that the court appoint you lead plaintiff in the proposed class.

The lawsuit alleges defendant Elon Musk violated Section 10(b) of the Securities Exchange Act of 1934 by making false statements about his purchase of Twitter, Inc., including termination notices falsely claiming that Twitter had violated the terms of the Merger Agreement and so further a Material Adverse Event (“MAE”) had occurred. On May 13, 2022, Musk tweeted that the merger was “temporarily on hold.” On May 17, 2022, Musk declared that the merger “cannot go ahead” and claimed that nearly 20% of Twitter accounts are fake. Musk then released three separate merger termination notices between July 8, 2022 and September 9, 2022, falsely claiming that Twitter violated the terms of the merger agreement by not giving it documents about spam.

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