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Elon Musk Sued by Twitter Investor Over Takeover Bid

         

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10:08 am on May 27, 2022 (gmt 0)

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A twitter investor, William Heresniak, has proposed a Class Action Lawsuit filed in the US District Court for the Northern District of California accuses Elon Musk of "wrongful conduct" and "false statements and market manipulation have created chaos at Twitter's headquarters in San Francisco."

The lawsuit claimed Mr Musk benefitted financially by delaying the disclosure of his significant stake in Twitter, and his plan to become a board member of the company.

It also claimed that several tweets posted by Mr Musk, who is a regular Twitter user with more than 95m followers, were "misleading".


[bbc.co.uk...]