In a decision on Monday, U.S. District Judge Charles Breyer in San Francisco said plaintiff William Heresniak lacked standing to sue because he challenged "wrongs associated with" Musk's buyout, not the fairness of the buyout itself. Lawyers for Musk, two of his holding companies and Twitter did not immediately respond to requests for comment. In a March 3 court filing, they called Heresniak's claims "a disjointed laundry list of - often irrelevant - grievances against Elon Musk." Heresniak sued on May 25, 2022, one month after Twitter accepted Musk's $54.20 per share buyout offer. The case is Heresniak v Musk et al, U.S. District Court, Northern District of California, No.

Source: Forbes May 23, 2023 03:35 UTC