Investors Sue Elon Musk and Twitter Over Pending Takeover

Investors Sue Elon Musk and Twitter Over Pending Takeover
Elon Musk's Twitter profile is seen on a smartphone placed on printed Twitter logos on April 28, 2022. Dado Ruvic/Reuters
Bryan Jung
Updated:

The CEO of Tesla and SpaceX, Elon Musk, was sued by Twitter investors for “unlawful conduct” claiming he manipulated the company’s stock price downward by sowing doubt about his bid to buy the social media company.

Twitter, which is based in California’s Bay Area, was also named as a defendant in the suit, which argued that the company had an obligation to investigate the Tesla CEO’s pre-bid conduct.

Bryan Jung
Bryan Jung
Author
Bryan S. Jung is a native and resident of New York City with a background in politics and the legal industry. He graduated from Binghamton University.
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