Friday, May 27 2022

SAN DIEGO, April 18, 2022 (GLOBE NEWSWIRE) — Shareholder rights law firm Johnson Fistel, LLP is investigating potential violations of federal securities laws by Twitter, Inc. (“Twitter” or “the Company”) (NYSE: TWTR).

What is Johnson Fistel investigating? On April 4, 2022, Elon Musk announced the purchase of 9.2% of the capital of Twitter. This announcement was followed by a 27% rise in the share price on the same day. Under Section 13(d) of the Exchange Act and SEC Rule 13d-1 promulgated thereunder, 17 CFR § 240.13d-1(a), Musk was required to file a schedule 13 with the SEC within 10 days of the adoption of the 5% ownership. threshold on Twitter, which is March 24, 2022. Investors who sold the Company’s stock between March 14, 2022, when Musk should have disclosed his stock purchases, and April 4, 2022, when he disclosed his purchases, potentially lost made significant gains when the market reacted to Musk’s disclosure.

What actions can I take at this time? If you purchased Twitter securities and suffered significant losses on your investment, contact Johnson Fistel, LLP to submit your losses:

There is no cost or obligation for you.

What if I have information relevant to the investigation? People with nonpublic information about Twitter should consider participating in our survey or taking advantage of the SEC’s whistleblower program. Under the SEC’s program, whistleblowers who provide original information may, under certain circumstances, receive rewards totaling up to thirty percent of any successful recovery made by the SEC. For more information, contact Jim Baker at (619) 814-4471 or [email protected].

About Johnson Fistel, LLP:
Johnson Fistel, LLP is a nationally recognized shareholder rights law firm with offices in California, New York and Georgia. The firm represents individual and institutional investors in shareholder derivatives and securities class actions. Johnson Fistel is seeking to recover losses incurred due to violations of federal securities laws. For more information about the firm and its attorneys, please visit http://www.johnsonfistel.com. Lawyer advertisement. Past results do not guarantee future results.

Contact:
Johnson Fistel, LLP
Jim Baker, 619-814-4471
[email protected]

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