Twitter Inc. said it is facing class-action lawsuits in California alleging securities violations, according to a Securities and Exchange Commission filing late Tuesday. Twitter said “current and former officers” of the company have been named as defendants in pending class-action lawsuits filed in the U.S. District Court for the Northern District of California and the Superior Court for San Mateo County in California. Twitter did not disclose any further detail of the lawsuits. Twitter shares rose 0.2% to $18.28 after hours.
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From:: Stock Market News