Twitter to Pay $809.5 Million to Settle Securities Suit

Twitter Inc. mentioned it agreed to pay greater than $800 million to settle a consolidated class-action securities lawsuit alleging the social-media firm intentionally misled buyers about consumer engagement in 2015.

The San Francisco firm on Monday mentioned the proposed settlement would resolve all claims towards Twitter and the opposite named defendants with none admission, concession or discovering of any fault, legal responsibility or wrongdoing.

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