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The Boston Globe

Business

Twitter accused of ruse to pump up share price

NEW YORK — Two financial firms sued Twitter Inc. Wednesday, saying it staged a ruse to boost the company’s valuation above $10 billion for its upcoming IPO.

Precedo Capital Group, of Scottsdale, Ariz., and Continental Advisors, of Luxembourg, seek $124 million in damages for ‘‘wanton and egregious’’ misrepresentations.

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