Twitter to settle class-action lawsuit for $810 million

Details: The settlement is coming in response to a lawsuit filed in 2016 by investors in the U.S. District Court for the Northern District of California.

• The lawsuit alleges that Twitter "deliberately misled investors about user engagement in 2015," per the Wall Street Journal.
• In a statement, Twitter said that the settlement "resolves all claims" of wrongdoing and that the tech giant continues "to deny any wrongdoing or any other improper actions."
• Twitter said in a government filing that it intends to pay the settlement using cash on hand. It will be paid in the fourth quarter of this year, but the company will take down an impairment charge for it in the third quarter.