Twitter Derivative Settlement (Plaintiff Atul Verma / Case No. 2019-0509-PAF)
Fri 15th Jan 2021 | Posted by glancylogin, on News
Derivative Actions were brought by Twitter stockholders on behalf of Twitter and are pending in the Court of Chancery of the State of Delaware (the “Court”) and
the United States District Court for the District of Delaware. If the Court approves the Settlement, it will resolve all claims brought, or that could have brought, in the Derivative Actions.
Notice of the settlement attached below:
Twitter Derivative Settlement Long Form Notice (re Plaintiff Atul Verma Case No. 2019-0509-PAF)
IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE
ATUL VERMA, derivatively on behalf of
Nominal Defendant, TWITTER, INC.,
Plaintiff,
v.
RICHARD COSTOLO, ANTHONY
NOTO, JACK DORSEY, MARJORIE
SCARDINO, DAVID ROSENBLATT,
EVAN WILLIAMS, PETER CURRIE,
PETER FENTON, and PETER CHERNIN,
Defendants,
-and-
TWITTER, INC.,
Nominal Defendant.
C.A. No. 2019-0509-PAF