Twitter proposed an $800 million dollar settlement agreement to resolve all claims the company misled investors regarding its user and engagement data, the company announced Monday.
Twitter submitted the agreement to the Northern California District Court to settle a class action lawsuit filed by shareholders in 2016, the social media platform announced in an 8-K filing with the Securities and Exchange Commission (SEC) on Monday. If the settlement is approved by the court, Twitter will pay shareholders $809.5 million.
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