Twitter shareholders sue Musk, say he ‘deflated’ stock price
They say the Tesla CEO’s aim has been to drive down Twitter’s stock price because he wants to walk away from the deal or negotiate a substantially lower purchase price.
Twitter is also named as a defendant in the lawsuit, which was filed late Wednesday in the U.S. District Court for the Northern District of California.
A representative for Musk did not immediately respond to a message for comment on Thursday. Twitter declined to comment.