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title: Judge upholds Musk Twitter investor fraud verdict
description: US District Judge Charles Breyer denied Elon Musk&#x27;s motion to overturn a March 2026 jury verdict finding he defrauded Twitter investors during his 2022 $44bn...
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# Judge upholds Musk Twitter investor fraud verdict

**[The Next Web](https://daily.dev/sources/tnw)** · 3 min read · 1 upvotes · 0 comments

## Summary

US District Judge Charles Breyer denied Elon Musk's motion to overturn a March 2026 jury verdict finding he defrauded Twitter investors during his 2022 $44bn takeover. The judge upheld the finding that Musk's 13 May 2022 tweet claiming the deal was on hold pending bot data was materially false, citing testimony from Musk's own banker. Musk was handed one narrow win regarding a separate 17 May tweet. Investors claim damages could reach $2.6bn, and the judge also granted prejudgment interest. The ruling adds to Musk's growing legal docket, which includes a settled SEC case over late Twitter stake disclosure and an ongoing trial against Sam Altman over OpenAI.

## Full article

daily.dev links to this article rather than hosting it. Read it at the original source: <https://thenextweb.com/news/judge-upholds-the-verdict-that-musk-defrauded-twitter-investors>

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