The PennZone

  • Home
  • Non-profit
  • Business
  • Education
  • Construction
  • Health
  • Entertainment
  • Technology
  • Software

Deadline Reminder: Law Offices of Howard G. Smith Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Twitter, Inc. (TWTR)
The PennZone/10201065

Trending...
  • RAS AP Consulting Advances to RFP Stage in Heidelberg Materials' SAP Vendor & Customer Master Data Modernization Initiative
  • Sidow Sobrino, the One and Only World's No.1 Superstar®, Launches Dangerous Joy
  • Andrew Tate Says Los Angeles Is "Where I Belong" as He Hints at USA Move
BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith reminds investors of the upcoming November 14, 2022 deadline to file a lead plaintiff motion in the case filed on behalf of investors who purchased Twitter, Inc. ("Twitter" or the "Company") (NYSE: TWTR) securities between August 3, 2020 and August 23, 2022, inclusive (the "Class Period").

Investors suffering losses on their Twitter investments are encouraged to contact the Law Offices of Howard G. Smith to discuss their legal rights in this class action at 888-638-4847 or by email to howardsmith@howardsmithlaw.com.

On August 23, 2022, CNN published an article alleging, among other things, that "Twitter has major security problems that pose a threat to its own users' personal information, to company shareholders, to national security, and to democracy, according to an explosive whistleblower disclosure obtained exclusively by CNN and The Washington Post." The article also stated that the whistleblower disclosure "also alleges that some of the company's senior-most executives have been trying to cover up Twitter's serious vulnerabilities, and that one or more current employees may be working for a foreign intelligence service."

More on The PennZone
  • T. Jones Group's Cameron Jones Serves as Judge for the 2026 CHBA National Awards for Housing Excellence
  • The AI Direction Deficit: TripleTen Study Finds Staff Get Told to Use AI — But Not Trained to Use It
  • Edwards & Virginia Business Systems Announces Leadership Appointments
  • $29.8 Million Record Setting Q1 with Boosted Annual Guidance to $160 Million for Expanding Pre-Owned Boat Dealer: Off The Hook YS, Inc. N Y S E: OTH
  • All About Technology Celebrates 25 Years of Bridging Detroit's Digital Divide

On this news, Twitter's stock fell $3.15, or 7.3%, to close at $39.86 per share on August 23, 2022, thereby injuring investors.

The complaint filed alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company's business, operations, and prospects. Specifically, Defendants failed to disclose to investors that: (1) Twitter knew about security concerns on their platform; (2) Twitter actively worked to hide the security concerns from the board, the investing public, and regulators; (3) contrary to representations in SEC filings, Twitter did not take steps to improve security; (4) Twitter's active refusal to address security issues increased the risk of loss of public goodwill; and (5) as a result, Defendants' statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.

If you purchased or otherwise acquired Twitter securities during the Class Period, you may move the Court no later than November 14, 2022 to ask the Court to appoint you as lead plaintiff if you meet certain legal requirements. To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action. If you wish to learn more about this class action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020, by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at www.howardsmithlaw.com.

More on The PennZone
  • iatroX surpasses 500,000 clinical queries and expands specialist exam coverage
  • Inside-Out Hollywood: The Relentless Rise of Joseph Nybyk (AKA Joseph Neibich)
  • SRK Collective Media Group Launches with a Modern Approach to Media, Authority Building, and Cultural Visibility
  • MSBG Corporation Acquires GridWatch US Telemetry Automation System
  • TAYP Expands Athlete Exposure Platform Beyond Georgia With New Push Into Virginia and the 757

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Contacts

Law Offices of Howard G. Smith
Howard G. Smith, Esquire
215-638-4847
888-638-4847
howardsmith@howardsmithlaw.com
www.howardsmithlaw.com
Filed Under: Business

Show All News | Disclaimer | Report Violation

0 Comments
1000 characters max.

Latest on The PennZone
  • From Blank Page to Published Book
  • Larry R. Wasion's Jump Gate III RoadMaker Blends Cutting-Edge Sci-Fi with High-Stakes Space Exploration and Complex Technologies
  • Ed, Edd n Eddy, Resident Evil, Anime Voice Actors Augment FAN EXPO Philadelphia Lineup
  • American Mensa and Davidson Institute Join Forces To Strengthen Support for Profoundly Gifted Youth
  • SpeedyIndex Rolls Out Automated API for Mass URL Verification, Solving the Backlink Blind Spot for SEO Agencies
  • KLEKT Announces Appointment of Jay Kimpton to Board of Directors
  • Michigan Attorney General Closed FGM Licensing Investigations Months Before Federal Case Ended, Records Show
  • Client 1st Financial and Keystone Financial Management Donate 550+ Pounds of Food to New Bethany Inc
  • Mensa Foundation Event Reframes Brain Health for Every Age
  • DLT Resolution, Inc. (Stock Symbol: DLTI) Expands Into the $224 Billion Life Settlements Market While Accelerating Telecom Growth Across Canada
  • Pollock Begg Partner Joseph R. Williams Featured on 'CEOs You Should Know' Podcast
  • Ashley Wineland's 'Love + Heartbreak' Tour Brings her Emotional and Empowering Album 'Wineland' to Nationwide Audiences
  • People & Stories/Gente y Cuentos Welcomes Two New Trustees as Organization Enters 54th Year and Expands Community Reach
  • With a Dream and a Team, Monalisa Okojie Is Empowering the Next Generation Through EXPOSE NGO
  • Best Companies Group Launches Best Places to Work in PA Program
  • American Properties Realty, Inc. Celebrates 2026 FAME Awards - Community of the Year - Heritage at South Brunswick
  • Mel Blackwell to Keynote 2026 NSSF Marketing and Leadership Summit
  • SmartCone and Samsung Launch RoadDefender™ to Enhance Real-Time Safety for Roadside Workers
  • The Personal Development Industry Has a Blind Spot Says Global Personal Success Guru Omar L. Harris
  • Kevin "Mr. Wonderful" O'Leary Begins New Universal Coin & Bullion Promotion of Gold and Silver

Popular on PennZone

  • Virginia Moving Company Nearly Doubles Customer Calls in Two Weeks After Switching to CARL — the Bold New Alternative to WordPress
  • New plusOne Research Finds the Orgasm Gap Is a 30-Point Chasm — and Confirms It Isn't Biology
  • Keenethics enters the ChatGPT Apps ecosystem as a new growth opportunity for businesses
  • AWARENESS TO WELLNESS: Imhotep Institute Charter High School
  • Strategic Talent Associates Launches THE ALIGNED RESET™
  • Assymetrix Launches the Deepest Independent Prediction Market Data API
  • Resident Inspect Joins Property Meld Nexus Network with API Integration
  • Creator Space LA brings together industry leaders for an immersive AI showcase, demonstrations, and film hackathon
  • New Homesites Released at Heritage at Manalapan Featuring Scenic Golf Course Views
  • Colorfront Launches New Mac App For Creating Apple Immersive Video

Similar on PennZone

  • Collectibles EvoRelic Celebrates Stellar 4.8-Star Customer Rating
  • T. Jones Group's Cameron Jones Serves as Judge for the 2026 CHBA National Awards for Housing Excellence
  • $29.8 Million Record Setting Q1 with Boosted Annual Guidance to $160 Million for Expanding Pre-Owned Boat Dealer: Off The Hook YS, Inc. N Y S E: OTH
  • All About Technology Celebrates 25 Years of Bridging Detroit's Digital Divide
  • MSBG Corporation Acquires GridWatch US Telemetry Automation System
  • T. Jones Group Named Finalist Across Multiple Categories at the 2026 Georgie Awards
  • The Simplest Small Business You're Probably Not Thinking About
  • EDC Weekend Comedy Special Featuring Don Barnhart & Friends — Use Promo Code FRIEND for 50% Off
  • N Y S E: OTH Off The Hook YS Is Building a Vertically Integrated Marine Empire — And Investors Are Starting to Notice
  • Concierge Title Agency Merges with Independence Title, Inc. to Deliver an Expanded Concierge Closing Experience Across South Florida
Copyright © The PennZone | Theme: OMag by LilyTurf Themes
  • Contribute
  • Privacy Policy
  • Terms of Service
  • Contact Us