Twitter Sued For $124 Million Over Private Stock Sale

HFA Padded
HFA Staff
Published on
Updated on

Twitter is heading for its IPO sometime in the coming months, but there may be obstacles for the company as it seeks to get onto the public market. Reuters reported today that the social networking company has been hit with a $124 million lawsuit from two companies alleging that they were lured into a deal that would allow them to sell shares in the company. The firms, Precedo Capital Group Inc and Continental Advisors SA, say that they were approached by an approved buyer of Twitter sales to create a fund that would only hold shares in the social network….

This content is exclusively for paying members of Hedge Fund Alpha

Log In

Insider Strategies and Letters to Shareholders from the Top Hedge Funds and Maximize Your Portfolio Growth with Hedge Fund Alpha

Don’t have an account?

Subscribe now and get 7 days free!

HFA Padded

The post above is drafted by the collaboration of the Hedge Fund Alpha Team.