Twitter, Inc. (NYSE: TWTR) Investor Notice: Deadline in Lawsuit on June 13, 2022 coming up

A deadline is coming up on June 13, 2022 in the lawsuit filed for certain investors of Twitter, Inc. (NYSE: TWTR) over alleged securities laws violations by Twitter, Inc. (NYSE: TWTR).

Investors who previously sold shares of Twitter, Inc. (NYSE: TWTR) stock between March 14, 2022, when Elon Musk should have disclosed his Twitter stock purchases, and before the actual April 4, 2022 disclosure potentially missed the resulting share price increase as the market reacted to Elon Musk's purchases, have certain options and for certain investors are short and strict deadlines running. Deadline: June 13, 2022. NYSE: TWTR investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

By March 14, 2022, Elon Musk had acquired more than a 5% ownership stake in Twitter, Inc. (NYSE: TWTR), requiring him to file a Schedule 13 with the United States Securities and Exchange Commission ("SEC") within 10 days, or March 24, 2022.

Then on April 4, 2022, Elon Musk disclosed that he had purchased over 73 million shares of Twitter, Inc. (NYSE: TWTR) stock-a 9.2% stake in the Company.

By the time Musk filed the required Schedule 13, revealing his ownership stake in Twitter, the Company's share rose from a closing price of $39.31 per share on April 1, 2022, to close at $49.97 per share on April 4, 2022 - an increase of approximately 27%.

In fact, shares of Twitter, Inc. (NYSE: TWTR) surged to as high as $54.57 per share on April 5, 2022.

According to the complaint the plaintiff alleges on behalf of Sellers of Twitter, Inc. (NYSE: TWTR) common shares, that the defendant violated Federal Securities Laws.

More specifically, the plaintiff claims that investors who sold shares of Twitter stock between March 24, 2022, and before the actual April 4, 2022 disclosure, missed the resulting share price increase as the market reacted to Defendant's purchases and that by failing to timely disclose his ownership stake, Defendant was able to acquire shares of Twitter less expensively between March 24, 2022 and April 1, 2022.

Those who SOLD shares of Twitter, Inc. (NYSE: TWTR) between March 14, 2022 and before the actual April 4, 202, have certain options and should contact the Shareholders Foundation.

Contact:
Christopher Clausen
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

This release was published on openPR.