Twitter Inc Announces Proposed Settlement Of Consolidated Class Action Lawsuit

Reuters2021-09-20

Twitter Inc :Twitter Announces Proposed Settlement Of Consolidated Class Action Lawsuit.Twitter Inc - Entered Into A Binding Agreement To Settle Consolidated Class Action Lawsuit Commenced In 2016 In United States District Court.Twitter Inc - Twitter Will Pay $809.5 Million For Claims.Twitter Inc - Company Intends To Use Cash On Hand To Pay Settlement Amount, Which Is Expected To Be Paid In Q4 Of 2021.Twitter Inc - Company Expects To Record A Charge For Settlement During Q3 Of 2021.Twitter Inc - Proposed Settlement Resolves All Claims Asserted Against Co, Other Named Defendants.Twitter Inc - Twitter And Individual Defendants Continue To Deny Any "Improper Actions".

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