Judge Rejects Musk Bid to Overturn Twitter Fraud Verdict

The legal challenge centered on Musk’s public statements regarding bot accounts on the platform during his high-profile acquisition of the company. Jurors previously determined that these posts directly influenced stock prices, misleading investors about the state of the business. Beyond confirming the liability, Breyer’s decision allows for the inclusion of prejudgment interest, a move that significantly increases the financial stakes of the litigation. The original verdict from March estimated that total damages resulting from the misleading tweets could reach $2.5 billion, a figure that now remains firmly in play as the case moves toward final resolution.