Securities
Feb. 19, 2026
Judge allows scheme theory in Musk Twitter securities trial
Senior U.S. District Judge Charles R. Breyer ruled investors may argue Elon Musk schemed to depress Twitter's stock before his 2022 purchase, allowing a broader securities fraud theory to proceed to trial.
Plaintiffs can present the theory that Elon Musk schemed to lower Twitter's stock price ahead of his 2022 purchase of the company, a San Francisco federal judge decided as a securities lawsuit against the Tesla and SpaceX CEO readies for trial next month.
The plaintiff investors, represented by Bottini & Bottini Inc. and Cotchett, Pitre & McCarthy LLP, allege Musk made three posts to the social media platform, which he renamed X, that contained false statements, viola...
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