"The case stems from a class action lawsuit filed in the U.S. District Court for the Northern District of California by investors in Twitter, the predecessor to Musk's X platform, who allege he violated federal securities laws with his months of public indecision over purchasing the company as a scheme to drive down the the price of shares before he completed the purchase in October 2022, causing the investors financial harm."
"Breyer, a Clinton appointee and younger brother of former Supreme Court Justice Stephen Breyer, began jury selection by commenting to the lawyers for both sides that Musk had achieved a level of fame that was like the President of the United States, and even if they search the entire country, it would probably be nearly impossible to find someone who did not have some sort of opinion about Musk."
Investors in Twitter filed a class action in the Northern District of California alleging Musk violated federal securities laws by months of public indecision during his purchase, purportedly to depress share prices before closing in October 2022, causing investor losses. The trial is expected to last about three weeks with likely witnesses including Musk and former Twitter CEO Parag Agrawal. Judge Charles R. Breyer warned that Musk's fame creates strong opinions nationwide, making impartial jurors rare. Jury selection lasted over five hours to find nine jurors able to set aside views. Out of 93 potential jurors, 40 were dismissed immediately and nearly half claimed bias or hostility, including one who said he wanted to see Musk in prison.
Read at www.mediaite.com
Unable to calculate read time
Collection
[
|
...
]