Calif. Judge Drops Investor Suit Over Musk's Twitter Takeover
By Jade Martinez-Pogue ( May 23, 2023, 4:52 PM EDT) -- A California federal judge has dropped a proposed class action by Twitter investors accusing Elon Musk of sparking an $8 billion drop in the social media giant's valuation when he created doubt about his plans to buy the company, finding that the plaintiff lacks standing because he is no longer a shareholder of the now-private company....
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