Orlando Police Pension Fund filed a lawsuit against Elon Musk’s acquisition of Twitter. The organization alleges that the businessman violated state laws at the time of the deal. This was reported by Reuters.

According to the investor, Musk would not be able to buy Twitter before 2025 if the owners of 75% of the shares did not approve the deal. The plaintiff also accused the administrator of the Parag Agrawal platform and other board members of breach of fiduciary responsibility and sought damages and compensation for court costs.

Earlier in April, it was learned that Mask bought 9.2% of shares in the social network. He then said that the service could not be developed according to the current model and should serve freedom of expression. He soon made an offer to buy the platform, which was initially rejected but later revised. The deal will amount to the agreed upon $44 billion. The deal was approved by the board of directors.

In mid-April, Mark Russell sued Mask. It represents a group of investors who sold their social network shares during the period March 24 – April 1. Plaintiff accused Mask of concealing information regarding the purchase of the primary stake in the company, allowing it to allegedly purchase the shares at a discounted price. It will be reminded that after the announcement of the agreement, the share price increased by 26%.