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Benzinga
Benzinga
Technology
Rachit Vats

Elon Musk And Twitter Both Sued By Shareholders Over 'Chaotic Deal'

Elon Musk Nasdaq NYSE Tesla Inc. Twitter Inc. Lawsuit

Tesla Inc (NASDAQ:TSLA) CEO Elon Musk and Twitter Inc (NYSE:TWTR) are being sued by the microblogging company’s shareholders over an ongoing chaotic $44 billion take-private deal, CNBC reported on Thursday, citing a lawsuit.

What Happened: Twitter shareholders allege that the billionaire entrepreneur violated California corporate laws on several fronts, and in doing so engaged in market manipulation, as per a class-action lawsuit filed on Wednesday.

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