Nigeria, March 21 -- A federal jury in California has found that tech giant Elon Musk misled investors of Twitter in 2022 through public statements made during his $44 billion acquisition of the company, according to court proceedings concluded on Friday.



The decision followed a civil class-action lawsuit, Pampena v. Musk, brought on behalf of shareholders who sold Twitter stock between May 13 and October 4, 2022. The trial was held in San Francisco and concluded after nearly three weeks, with a nine-member jury deliberating for three days before reaching its verdict.



Jurors found that two statements made by Musk on May 13 and May 17, 2022, were materially false or misleading. On May 13, Musk wrote that the acquisition deal was "t...