(TNS) — A Michigan pension fund is accusing Microsoft of hyping up its artificial intelligence products and inflating its stock price last year, before a sharp drop in January.
The stock price’s steep drop in January — and the continued decline over the months that followed — is the crux of the lawsuit. Lawyers for the plaintiffs wrote that Microsoft engaged in a scheme to deceive the market” and artificially inflated the stock price before its fall this year.
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