Elon Musk must face Twitter shareholders’ lawsuit over alleged securities fraud [MSNBC.com]
Tesla, Inc. (TSLA)
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Source: MSNBC.com
Elon Musk's Twitter profile displayed on a computer screen and Twitter logo displayed on a phone screen are seen in this illustration photo taken in Krakow, Poland on April 9, 2022.Jakub Porzycki | Nurphoto | Getty ImagesA proposed class-action lawsuit against Elon Musk and his family office Excession can proceed in federal court, a judge ruled Friday, after the tech centi-billionaire sought to have the case dismissed.The case isRasella v. MuskThe lawsuit was brought by former Twitter shareholders who allege they lost money when the Tesla and SpaceX CEO was amassing a stake in the social network, but failed to disclose his purchases within a legally-mandated time frame.The Oklahoma Firefighters Pension and Retirement System and other plainti
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