Ford O’Brien Landy LLP attorney Matthew Aaron Ford, counsel for Constantin, told Law360 in an email on Tuesday that the ruling represents a “great victory” for investors utilizing X, formerly known as Twitter.
“We are pleased with Judge Sim Lake’s dismissal of the complaint against Mr. Constantin, which affirms the well established legal principle that Twitter users do not owe a duty to disclose their stock sales to their followers absent a confidential or fiduciary relationship,” Ford said.
Congratulations to Emily Klair Bloom & Matthew Aaron Ford for this victory!