Legal
Twitter Hid Security Issues to Boost Stock, Investor’s Suit Says
- Executives accused of fumbling claims made by whistle-blower
- Twitter investor seeks class-action status for lawsuit
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Twitter Inc. executives should be held accountable for concealing operational problems at the popular social-media platform and firing a whistle-blower who sought to address the issues, according to an investor’s lawsuit.
Jack Dorsey, Twitter’s co-founder, Chief Executive Officer Parag Agrawal and other managers violated federal securities laws by making false statements about the operational miscues to bolster the platform’s stock price, shareholder William Baker said in a federal suit filed Tuesday in California.