Entertainment
Musk found liable to Twitter shareholders in fraud lawsuit over $44bn takeover
A US federal jury found Elon Musk liable on Friday for claims he defrauded Twitter shareholders by trying to drive down the social media company’s stock price so he could renegotiate or back out of a $44 billion takeover in 2022.
The verdict from a jury in San Francisco federal court came in a closely watched civil trial where Musk, the world’s richest person, was accused of falsely claiming on social media that Twitter underreported how many fake and spam accounts, known as bots, were on its platform.
Damages have yet to be calculated but Francis Bottini, a lawyer for the shareholders, estimated they could total about $2.5 billion.
“Musk’s status as the world’s richest man is not a free pass,” Bottini said in a statement. “If you’re able to move markets with your tweets you’re responsible for the harm you cause to investors.”
In a joint statement, Musk’s lawyers at Quinn Emanuel Urquhart & Sullivan called the verdict “a bump in the road. And we look forward to vindication on appeal.”
The civil trial began on March 2, and jurors began deliberating on Tuesday.
Musk has often chosen to battle shareholders in court rather than settle.
This included a 2023 trial in San Francisco over whether he defrauded Tesla shareholders who claimed to suffer losses after he falsely claimed in 2018 to have “funding secured” to take the electric car company private, and litigation in Delaware over his $139 billion Tesla pay package. Musk won both cases.
Musk ultimately completed his purchase of Twitter in October 2022 and renamed it X.
Musk liable for two statements
Twitter shareholders challenged three statements Musk made not long after agreeing in April 2022 to buy Twitter, where he questioned whether the company was overrun with bots.
Jurors found Musk liable for two of the statements.
One said the purchase was “temporarily on hold” pending confirmation that bots represented less than 5% of users. The other said the percentage of bots could be “much” higher than 20%, and the takeover could not go forward unless Twitter’s chief executive proved the percentage was less than 5%.
Jurors also said the shareholders didn’t prove a separate claim that Musk engaged in a scheme to defraud them.
Michael Lifrak, a lawyer for Musk, countered that the billionaire’s concern about bots was real, and that speaking out about the problem did not show Musk committed or intended to commit fraud.
The lawsuit covers investors who claimed to sell Twitter shares at prices Musk artificially depressed between May 13 and October 4, 2022.
Musk is separately in talks to settle a US Securities and Exchange Commission civil lawsuit accusing him of waiting too long in 2022 to disclose his initial purchases of Twitter so he could buy more at low prices before investors saw what he was doing.
In February, Musk’s rocket and space exploration company SpaceX bought his artificial intelligence company xAI, which housed X. The purchase created the world’s most valuable private company, worth about $1.25 trillion at the time.
Entertainment
Will LeBron James retire after current season?
LeBron James has once again left the basketball world guessing about his future, declining to commit to returning for another NBA season after the Los Angeles Lakers were eliminated from the playoffs on Monday, 11 May.
Following a 115-110 loss to the Oklahoma City Thunder in Game 4 of their second-round playoff series, James, 41, spoke candidly about what comes next.
“I don’t know what the future holds,” he said, adding that he plans to step away and spend time with his family before making any decisions.
“Nobody has any idea what the future holds, and I don’t either. I’ll take time to recalibrate and look over the season and see what’s best for my future, and when I get to that point, everyone will know.”
The remarks have reignited retirement speculation surrounding the league’s all-time leading scorer, who finished the final game of his 23rd season with 24 points and 12 rebounds.
The timing adds further intrigue.
James is set to become an unrestricted free agent after this season, meaning if he does decide to continue playing, it could be with an entirely different team.
He earned $52.6 million during the 2025-26 season, and any move elsewhere would require a pay cut, something that would be a first in his career, according to The Athletic.
This is not the first time James has left the door open on retirement.
After the Lakers’ exit against the Minnesota Timberwolves last year, he offered similarly uncertain words.
“I don’t have an answer to that. Something I’ll sit down with my family, my wife and my support group and kind of just talk through it and see what happens. I don’t know the answer to that right now, to be honest.”
For now, the question of whether basketball’s greatest ever player has played his last game remains unanswered.
Entertainment
South Korea reviews phased support for Strait of Hormuz security efforts
SEOUL: South Korea is reviewing a phased contribution to efforts to ensure safe navigation through the Strait of Hormuz, Defence Minister Ahn Gyu-back said on Wednesday, signalling support steps short of military participation, Yonhap News Agency reported.
Ahn told a press conference with South Korean media correspondents in Washington that he had conveyed Seoul’s position at a meeting with US Secretary of Defence Pete Hegseth on Monday.
“We said at about this level that, fundamentally, we will participate as a responsible member of the international community and that we will review ways to contribute in a phased manner,” Ahn said, according to Yonhap.
Ahn said possible forms of phased support could include expressions of political support, personnel dispatches, information-sharing and the provision of military assets, while stressing that no detailed discussions had taken place on expanding South Korean troop involvement.
“There was no deep discussion on something like specifically expanding our military’s participation,” he said, adding that any decisions would need to follow domestic legal procedures.
Attack on South Korean ship
The meeting between South Korean and US defence chiefs came a day after Seoul denounced an attack on a South Korean-flagged vessel near the Strait of Hormuz last week.
South Korea’s presidential office strongly condemned the incident but said it was still investigating responsibility for the attack.
At the meeting, Hegseth said Washington expected allies to “stand shoulder-to-shoulder” amid rising global threats, citing US President Donald Trump’s authorisation of what he called Operation Epic Fury as evidence of the administration’s resolve.
He praised Seoul’s plans to increase defence spending and assume greater responsibility for the security of the Korean Peninsula, calling it an example of alliance burden-sharing.
Separately, Ahn told reporters Hegseth expressed understanding over South Korea’s position on a conditions-based transfer of wartime operational control (OPCON) from the United States, and the goal of completing the transition at an early date.
According to Yonhap, Ahn also said that the two sides exchanged views on other alliance issues including plans to build nuclear-powered submarines.
He said there had been no discussion during the talks about a reduction in US forces stationed in South Korea or about the strategic flexibility of US troops stationed in the country.
Entertainment
Kim Kardashian faces legal trouble by ‘innocent’ man
Kim Kardashian is facing a fresh legal battle after a New York man, whom her lawyers previously accused of filing a “meritless” lawsuit, vowed to overturn a court order requiring him to pay her more than $167,000 in legal fees.
Ivan Cantu had originally sued the 45-year-old reality star after she accidentally shared his photo on social media in February 2024, mistakenly identifying him as a Texas death row inmate with the same name who was about to be executed.
Although the defamation case was dismissed last November, a Los Angeles Superior Court judge ruled on Monday that Cantu must reimburse Kardashian for her legal costs, despite his claims that the bill would destroy him financially.
The dispute began when Kardashian, a high-profile advocate for criminal justice reform, posted the wrong Cantu’s snap to her 350 million followers.
While her team called it an “honest mistake” that was corrected almost immediately, the New York-based Cantu argued the mix-up caused him lifelong trauma, anxiety, and depression.
His lawyer, Greg Sobo, told the Daily Mail on Tuesday that they are proud to stand by an “innocent victim who was slandered,” adding that Monday’s ruling is simply one step in the process of obtaining justice against the “rich and powerful.”
In the recent ruling, Judge Michael Small described Cantu’s argument, that it was unfair to make him pay because Kardashian is wealthy and he is of modest means, as “unavailing” on a legal basis.
The judge noted that income disparities were irrelevant to the law, which entitles a prevailing party to recover reasonable attorney’s fees.
Kardashian’s legal team has been firm, stating that Cantu miscalculated by thinking he could “force a payout” based on her celebrity status, and that he must now face the consequences of his failed “gambit.”
However, the decision to aggressively pursue the $167,473.69 payment has sparked a backlash among fans and social media users.
On a Kardashian-themed subreddit, the star was described as “petty” and “greedy” for chasing such a sum from a private family man when her own net worth is estimated at over $1.9 billion.
Critics argued that while celebrities often do this to discourage frivolous lawsuits, Kardashian should have let this one go given that her team “royally messed up” by using the wrong man’s likeness in such a sensitive context.
As it stands, Cantu’s legal team remains confident that the order will be overturned on appeal, insisting that the current ruling is inconsistent with California law.
Kardashian, who is currently linked to F1 driver Lewis Hamilton, has yet to comment personally on the ongoing friction.
For now, the case serves as a stark reminder of the immense power of a single social media post and the very different realities of those caught in its wake.
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