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Florida pension fund sues Elon Musk over Twitter deal
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Florida pension fund sues Elon Musk over Twitter deal
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9th May 2022, 08:23
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| [M] Reviewer  Join Date: May 2010 Location: Romania
Posts: 148,797
 |  Florida pension fund sues Elon Musk over Twitter deal Elon Musk's $44 billion buyout of Twitter is facing its first legal challenge. A Florida pension fund is suing Musk and Twitter, arguing that the deal can't legally close until 2025 due to the billionaire's stake in the platform. The proposed class-action lawsuit — filed today by the Orlando Police Pension Fund in the Delaware Chancery court— also declares that Twitter’s board of directors breached its fiduciary duties by allowing the deal to go through. In addition to Musk and Twitter, the lawsuit also named former Twitter CEO Jack Dorsey, current Twitter CEO Parag Agrawal and the company’s board as defendants. https://www.engadget.com/musk-twitte...8.html?src=rss |
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