Engadget -
7 May 2022 03:00
Elon Musk's $44 billion buyout of Twitter is facing its first legal challenge. A Florida pension fund is suing Musk and Twitter, arguing that the deal can't legally close until 2025 due to the billionaire's stake in the platform. The proposed class-action lawsuit -- filed today by the Orlando Police Pension Fund in the Delaware Chancery court-- also declares that Twitter's board of directors breached its fiduciary duties by allowing the deal to go through. In addition to Musk and Twitter, the la...
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