Twitter offers to settle 2016 class action lawsuit for $800 million

September 20, 2021

(Reuters) – Twitter Inc said on Monday it had proposed to settle a class action lawsuit commenced in 2016 by paying $809.5 million for claims.

The company did not specify what the lawsuit was about and was not immediately available for comments.

Twitter and the individual defendants continue to deny any wrongdoing or any other improper actions, the company said in a regulatory filing.

(Reporting by Nivedita Balu in Bengaluru; Editing by Saumyadeb Chakrabarty)

Source Link Twitter offers to settle 2016 class action lawsuit for $800 million