Tag: elon musk twitter lawsuit

Elon Musk’s growing legal challenges – check full list
8Oct By adminNo Comments
Technology

Elon Musk’s growing legal challenges – check full list

[ad_1] Elon Musk was sued by the U.S. securities regulator related to his takeover of Twitter, the latest court battle against the billionaire whose empire spans electric carmaker Tesla, space startup SpaceX and brain-chip startup Neuralink.Below is a list of Musk's legal entanglements. TWITTER LAWSUITSThe U.S. Securities and Exchange Commission has sued Musk to compel the world's richest man to testify as part of a probe into his $44 billion takeover of social media giant Twitter, a court filing on Oct. 5 showed. In May 2022, Twitter investors had sued Musk, claiming he manipulated the company's stock price by failing to disclose in March 2022 that he was amassing shares in the platform now known as X.X was sued in federal court in Florida on Oct. 2 by a legal-marketing company that cl...
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Purge fallout! Elon Musk faces legal onslaught from angry former Twitter workers
9Dec By adminNo Comments
Technology

Purge fallout! Elon Musk faces legal onslaught from angry former Twitter workers

[ad_1] The purge initiated by Elon Musk at Twitter when he took over the company left more than half of its 7,500 employees on the sidelines. The purge initiated by Elon Musk at Twitter when he took over the company left more than half of its 7,500 employees on the sidelines and now many of them are taking the SpaceX and Tesla tycoon to court. The social media giant is facing a growing number of cases over the terms of those terminations -- and even a complaint to the city of San Francisco that Musk has illegally converted office space into bedrooms so that workers can sleep on site. "It's very concerning that the richest man in the world thinks that he can walk all over employee rights and doesn't have to follow the law. We intend to hold him accountable," said lawyer Shannon Li...
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Jack Dorsey Tried to Add Elon Musk to Twitter’s Board Before Deal
30Sep By adminNo Comments
Technology

Jack Dorsey Tried to Add Elon Musk to Twitter’s Board Before Deal

[ad_1] Former Twitter CEO Jack Dorsey tried to get Elon Musk onto the social network’s board of directors long before the current drama. Former Twitter Inc. Chief Executive Officer Jack Dorsey tried to get Elon Musk onto the social network's board of directors long before the current drama around whether Musk will buy the company. Dorsey pushed to add Musk to Twitter's board shortly after activist investors started agitating for change at the company in 2020, according to new text messages shared as part of Twitter's ongoing lawsuit with Musk. Dorsey's plan was rejected by Twitter's cautious board, he wrote in a private message to Tesla Inc. CEO Musk in March of this year. In their conversation, Dorsey was specifically lam...
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Elon Musk Can Use $7.8 Mn Twitter Whistle-Blower Payment in His Counterclaims
23Sep By adminNo Comments
Technology

Elon Musk Can Use $7.8 Mn Twitter Whistle-Blower Payment in His Counterclaims

[ad_1] Elon Musk can use a $7.8 million severance payment to a Twitter Inc. whistle-blower to argue he was justified in walking away. Elon Musk can use a $7.8 million severance payment to a Twitter Inc. whistle-blower to argue he was justified in walking away from his $44 billion buyout of the company, the latest turn in a bruising battle set for trial next month.Delaware Chancery Judge Kathaleen St. J. McCormick ruled Thursday that the billionaire can amend his counterclaims to Twitter's lawsuit against him with the payment to Peiter Zatko. Musk claims Twitter failed to get his consent for the severance agreement, violating the terms of the buyout. Twitter sued Musk in July to force him to consummate the $54.20-per-share dea...
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