Overview

Basic information

Litigation

Active legal matters

Material Events

8-K disclosures

SEC Filings

Key regulatory docs

Insider Transactions

Ownership changes

Overview

Basic information

Litigation

Active legal matters

Material Events

8-K disclosures

SEC Filings

Key regulatory docs

Insider Transactions

Ownership changes

TWITTER, INC. (TWTR) Class Action Lawsuit (September 2016)

Settlement

4:16cv5314 • September 16, 2016

Class Period Start

February 5, 2015

Class Period End

October 30, 2015

PSLRA Deadline

November 15, 2016

Case Allegations

10b5

Statutes of Repose

Feb 5, 2018

Country

United States

Court

Federal Court

Settlement Information

Please note that for cases in the settlement stage, claims are handled by the claims administrator and NOT Levi & Korsinsky. Any information or documentation previously provided to us does not constitute submission of a claim. If you need to file a claim, check the status of a claim, or have questions regarding distribution of settlement funds, please contact the claims administrator below.

Claim Deadline

November 23, 2022

Settlement Fund

$809,500,000

Settlement Status

Final Approval

Settlement Class

All persons or entities that purchased or acquired the common stock of Twitter during the period from February 6, 2015, through July 28, 2015, inclusive.

Claim Administrator

Epiq
In re Twitter, Inc. Securities Litigation Claims Administrator PO Box 6389 Portland, OR 97228-6389
+1 888-510-9590
[email protected]

Hearing Date

November 17, 2022

Opt-out Deadline

May 23, 2019

Settlement Note

Download here

Proof Of Claim

Download here

Docket History

Nov 21, 2022

Final Approval of Settlement

The court has granted final approval of the settlement. Eligible investors who submit valid claims may receive a payment once the claims review and distribution process is completed.

Aug 25, 2022

Proof of Claim Form

To receive your portion of the recovery (if you are eligible), you must submit this form to the claims administrator by the deadline indicated on the form itself. If you do not submit this form in time, you will not be entitled to compensation. If you have questions about how to complete the form, you should contact the claims administrator.

Aug 5, 2022

Preliminary Approval of Settlement

The court has granted preliminary approval of a proposed settlement. This means the settlement can move forward for further consideration, but it has not yet received final approval. Potential class members will generally receive notice explaining the settlement, their rights, and any deadlines for submitting a claim, objecting to the settlement, or choosing not to participate.

Jan 7, 2022

Proposed Settlement

Sep 9, 2020

Scheduling Order

Aug 18, 2020

Scheduling Order

May 28, 2020

Scheduling Order

May 8, 2020

Scheduling Order

Feb 12, 2020

Scheduling Order

Dec 12, 2018

Scheduling Order

Jul 17, 2018

Class Certification Granted

The court has determined that a class action is the appropriate method to bring the claims by class members. Usually, when a class is certified, the judge will also affirm an individual or entity to represent the class and finalize a class definition (i.e.: who is represented in the lawsuit).

May 23, 2018

Scheduling Order

May 8, 2018

Scheduling Order

Apr 10, 2018

Scheduling Order

Feb 15, 2018

Motion for Class Certification

The plaintiffs have asked the court to approve the lawsuit to proceed as a class action on behalf of a group of investors. The judge will decide whether the case meets the requirements for class certification and which investors and claims may be included.

Jan 24, 2018

Scheduling Order

Oct 16, 2017

Motion to Dismiss Granted

The court has granted the defendants' request to dismiss the lawsuit. Depending on the court's decision, the plaintiffs may be allowed to file an updated complaint or pursue an appeal.

Jul 20, 2017

Scheduling Order

May 2, 2017

Motion to Dismiss

After reviewing the complaint(s) filed by plaintiffs, defendants have filed a motion requesting that the court dismiss some or all of the plaintiffs' claims. In a motion to dismiss, defendants might challenge the validity of plaintiffs' claims or adequacy of plaintiffs' pleadings. Once a motion to dismiss is filed, the judge will make a decision on whether part or all of the case should be dismissed or the case can proceed as alleged.

Mar 2, 2017

First Amended Complaint

A new complaint has been filed on behalf of certain investors in TWITTER, INC.. Amended complaints may contain additional facts, parties, allegations, a change in the class definition, etc.

Jan 18, 2017

Scheduling Order

Dec 22, 2016

Appointment of Lead Plaintiff

The court has appointed a lead plaintiff to represent the interests of investors in the lawsuit. The lead plaintiff works with the attorneys handling the case, helps oversee the litigation, and represents the interests of the proposed class.

Sep 16, 2016

First Filed Complaint

A securities fraud class action complaint has been filed on behalf of certain investors in TWITTER, INC..

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