Twitter shareholders sue Musk, say he 'deflated' stock price

Twitter shareholders sue Musk, say he 'deflated' stock price

2 years ago
Anonymous $dy9SWuvIkX

https://apnews.com/f25aafb7cca4461de4643e363123beb1

Twitter shareholders have filed a lawsuit accusing Elon Musk of engaged in “unlawful conduct” aimed at sowing doubt about his bid to buy the social media company.

The lawsuit filed late Wednesday in the U.S. District Court for the Northern District of California claims the billionaire Tesla CEO has sought to drive down Twitter’s stock price because he wants to walk away from the deal or negotiate a substantially lower purchase price.