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NEW YORK (Reuters) - Twitter Inc was sued for $124 million on Wednesday by two companies that said the social media darling defrauded it into pushing forward with a doomed private sale of its shares to...
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In a lawsuit filed in U.S. District Court in Manhattan, Precedo Capital Group Inc and Continental Advisors SA accused Twitter of using the aborted sale as a means to give the money-losing company a $10 billion market valuation and higher IPO price.