They point to Musk’s statement in which he said the deal “cannot move forward” until has more information about bot accounts on the social media site.
The complaint claims: “Musk proceeded to make statements, send tweets, and engage in conduct designed to create doubt about the deal and drive Twitter’s stock down substantially in order to create leverage that Musk hoped to use to either back out of the purchase or re-negotiate the buyout price.”
The lawsuit requests an injunctive relief from the court that would force Musk to buy the company at the agreed-upon price.
It continued: “As detailed herein, Musk’s conduct was and continues to be illegal, in violation of the California Corporations Code, and contrary to the contractual terms he agreed to in the deal.”
The proposed class action is being brought by a small number of Twitter shareholders, but they are seeking damages that would be shared among everyone with Twitter stock.
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