A jury has found Elon Musk liable for misleading investors by deliberately driving down Twitter’s stock price in the tumultuous months leading up to his 2022 acquisition of the social media company for $44 billion. But it absolved him of some fraud allegations, finding that he did not “scheme” to mislead investors.
I don’t understand why these courts charge a set fine for stuff like this. This is clearly an extremely unique case. The man is 20% shy of being a trillionaire.
What really needs to be done is they need to charge a percentage of his profits. Say 20 to 30%.
Lol. That’s not how the state serves capitalism. Fixed fines!!! Gotta put the burden the poor every time.
Antonin Scalea capped punative damages
Because that’s the law.
… and the billionaires draft the laws.