Florida pension fund sues Elon Musk and Twitter to stop buyout

The class-action lawsuit argues that the deal cannot close before 2025

Elon Musk and Twitter were sued on Friday by a Florida pension fund seeking to stop Musk from completing his $44bn takeover of the social media company before 2025.

In a proposed class-action lawsuit filed in Delaware Chancery court, the Orlando police pension fund said Delaware law forbade a quick merger because Musk had agreements with other big Twitter shareholders, including his financial adviser Morgan Stanley and Twitter founder Jack Dorsey, to support the buyout.

Continue reading…

Subscribe
Notify of
guest
5 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
isototo login
isototo login
1 year ago

I love how you use humor to make your points. It keeps the article light-hearted and engaging.

paus4d
paus4d
1 year ago

I love how you break down complicated ideas into simple, easy-to-understand concepts. It makes the information much more accessible to everyone.

prediksi hk
prediksi hk
11 months ago

Thank you for covering such a critical and relevant topic in this article.

paus4d
paus4d
11 months ago

Your talent for communicating complex ideas in a simple and approachable way is impressive, making your writing engaging and easy to read.

Paus4d
Paus4d
10 months ago

Thank you for addressing a controversial issue and providing different points of view in this article.