Tesla CEO and space X founder Elon Musk, and Twitter headquarters. Credit: Shutterstock.com/ALM 'Lame Rationales': Twitter Shareholder Lawsuit Challenges Musk's Stated Reasons for Abandoning Acquisition
The class action complaint, filed by Prickett, Jones & Elliott and Scott+Scott, states that the shareholders, not Twitter as an entity, have the most to lose if the merger doesn't go through, with the board recognizing repeatedly that the deal is for shareholders' benefit.
August 01, 2022 at 12:48 PM
3 minute read
A new case aimed at closing the deal between Twitter and Elon Musk was filed Friday in the Court of Chancery, this time on behalf of Twitter shareholders.
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