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Twitter investor sues Elon Musk in a bid to force through $44 billion takeover Twitter investor sues Elon Musk in a bid to force through $44 billion takeover
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Twitter investor sues Elon Musk in a bid to force through $44 billion takeover
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Old 2nd August 2022, 07:18   #1
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Default Twitter investor sues Elon Musk in a bid to force through $44 billion takeover

It's not only Twitter that's trying to force Elon Musk to buy the company for $44 billion. An investor filed a proposed class action lawsuit to try stopping Musk from backing out of the deal. Luigi Crispo's suit accuses Musk of breach of contract and breach of fiduciary duty to Twitter's shareholders, according to Bloomberg. It claims he offered feeble "rationales for reneging on his contract." Two “corporate acquisition entities” connected to the deal are also named as defendants.

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