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New lawsuit against Elon Musk on Twitter

  • August 1, 2022
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This fall is going to be pretty gray for Elon Musk, not only because of the gray and ocher tones typical of the said station, but also because

New lawsuit against Elon Musk on Twitter

This fall is going to be pretty gray for Elon Musk, not only because of the gray and ocher tones typical of the said station, but also because of the legal journey it will have to face as a result of its erratic attitude regarding the purchase of Twitter. And so it is that, although at the time he may have thought that it would be easier for him, as the weeks pass since his withdrawal from the purchase of the social network, new parties appear who consider themselves affected and intend to resort to court.

The main court confrontation is in which the faces of Twitter and Elon Musk will be seen, a trial in which Twitter appears to have the upper hand at the moment, with the trial set to take place in October next year (Musk had intended it to take place until next year) and lasting five days as opposed to the ten that Musk’s lawyers had. requested. Thus, the terms previously defined by Judge Kathaleen McCormick clearly favor Twitter’s aspirations.

This is, as I indicated earlier, the main makeup, the most medial (at least for now), but it seems that it will not be the only one. And it is as we can read in Engadget, investor would form class action lawsuit for investors with Twitter stocks affected by Elon Musk’s retreat. Luigi Crispo, the person responsible for the lawsuit, accuses Musk of breach of contract and breach of fiduciary duty to Twitter shareholders.

New lawsuit against Elon Musk on Twitter

On request claims that the reasons given by Musk are quite weak, in a strategy that will no doubt match that used by Twitter in October. And like the social network’s board of directors, the investor and all the people who decide to join this class action claim that the operation is winding down and therefore collect the $54.20 per share that Elon Musk committed to in the purchase offer. signed by both parties last April.

Now Musk, along with his legal team and we also assume a large number of techies, face the challenge of being able to prove in just over two months that his allegations of a large number of bots on Twitter are much higher. confirmed to the one acknowledged by the social network are true, or at least that Twitter did not cooperate to the extent necessary to carry out the said inquiries. And it seems complicated, although we won’t know until October if he succeeded or not.

Source: Muy Computer

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