Investors who filed suit over Elon Musk’s 2018 tweet stating that he was considering taking Tesla Inc. private are facing a crucial test in court.
A federal judge in San Francisco will hear arguments Tuesday over whether Musk was intentionally deceitful when he unveiled the proposal to his millions of Twitter followers and said “funding secured.”
The class-action suit is one of several legal issues facing the world’s richest person, who is currently under a court-ordered deadline to complete his $44 billion purchase of Twitter Inc. by Friday or face a trial in Delaware.
‘Enforcement 40’ for 2020
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