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Heresniak v. Musk et al

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Case Number:

3:22-cv-03074

Court:

California Northern

Nature of Suit:

Stockholders Suits

Multi Party Litigation:

Class Action

Judge:

Charles R. Breyer

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Companies

Sectors & Industries:

  1. May 23, 2023

    Calif. Judge Drops Investor Suit Over Musk's Twitter Takeover

    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.

  2. April 05, 2023

    Twitter Investors Say Musk Can't Sink Suit Over Buyout

    Twitter investors hit back at Elon Musk's bid to dismiss a proposed class action in California federal court that alleges Musk created doubt about his plans to buy the company, sparking an $8 billion drop in its valuation.

  3. September 12, 2022

    Twitter Looks To Sink Investor Suit To Force Musk Buyout

    Twitter Inc. has asked a California federal judge to dismiss a proposed shareholder class action accusing it and Elon Musk of creating doubt about his planned deal to buy the social media company and sparking an $8 billion drop in its valuation, arguing the court doesn't have jurisdiction and can't enforce the terms of the merger agreement.

  4. May 26, 2022

    Musk, Twitter Hit With Investor Suit Over Buyout Balk

    Elon Musk and Twitter Inc. have been hit with a proposed shareholder class action alleging that the billionaire tried to create doubt about his planned deal to buy the social media company in order to do so at a lower price, causing Twitter's valuation to drop by $8 billion.