Step 1
Unite with Fellow Investors
Step 2
Choose the Best Attorney
Step 3
Provide Documents
Step 4
Follow Case Progress
Step 5
Get Payout
TWTR.US
id: 298
C.D. California
Court22-CV-06525
Case numberOn September 13, 2022, Twitter (TWTR) shareholders voted to approve Elon Musk’s $44 billion bid to buy the company.
But Musk has been trying to terminate the deal since July 8, citing concerns about the number of bots and fake accounts that populate Twitter (TWTR). Now, Twitter and Musk are involved in a lawsuit that should determine the future of the deal.
Meanwhile taking into account the facts that have come to light recently, in particular the testimony of the whistleblower about the state of cybersecurity in the Company, there is reason to believe that Musk's claims are justified. A complaint has already been filed against Twitter (TWTR) with the prospect of a class action lawsuit (https://11thestate.com/cases/124), based on the facts that the informer revealed.
If, after the investigations of the SEC and during the trial, the facts referred to by Musk are confirmed, then this will be evidence of violations by the current and former Management and Directors of the Company of their fundamental obligations to their shareholders.
Case Status
Dismissed
Alleged Offence
Mismanagement,
Misleading Statements,
Financial Misrepresentation,
Failure to Disclose,
Malpractice,
Negligence,
Breach of Fiduciary duty,
Omissions
Suspected Party
Directors,
Management,
Investment Bank,
Service Provider
Security Type
Stocks
Trade Direction
Long
Shock Event Date
09/13/2022