Damages Model In Securities Suit Can’t Be Applied To Whole Class, Twitter Argues

Mealey's (April 19, 2018, 12:07 PM EDT) -- SAN FRANCISCO — A proposed class representative has failed to show that its damages model can be applied classwide and has proposed a class that is “too broad,” defendants in a securities class action lawsuit against social networking giant Twitter Inc. and certain of its current and former senior officers argued in an April 16 opposition to the lead plaintiff’s motion for class certification filed in California federal court (In re Twitter Inc. Securities Litigation, No. 16-5314, N.D. Calif.)....