Welcome to the Informational Website for In re Twitter, Inc. Securities Litigation.
The purpose of this website is to inform you of a class action settlement and agreement in the United States District Court for the Northern District of California (the “Court”) under the above caption (the “Litigation”) against Twitter, Inc. (“Twitter” or the “Company”) and Individual Defendants Richard Costolo and Anthony Noto (collectively, “Defendants”). The purpose of the Notice is to inform you of the existence of the Settlement and the Agreement, that the Settlement is a class settlement, how you might be affected, and how to object if you wish to do so. It is also to inform you of the terms of the proposed Settlement and the Agreement, and of a hearing to be held by the Court to consider the fairness, reasonableness, and adequacy of the Settlement and the Agreement, the proposed Plan of Allocation, and the motion by Class Counsel for an award of attorneys’ fees and litigation expenses.
Class Representatives, on behalf of the Class, have reached a proposed settlement with Twitter of the Litigation for $809,500,000 in cash (the “Settlement”). If approved, the Settlement and the Agreement will finally resolve all claims in the Litigation. Class Members include all persons and entities that, during the period from February 6, 2015, through July 28, 2015, inclusive, purchased or otherwise acquired shares of the publicly traded common stock of Twitter and were damaged thereby (the “Class”), subject to certain exclusions.