Florida Lawsuit Aims To Stop Elon Musk’s Twitter Purchase

Florida Lawsuit Aims To Stop Elon Musk’s Twitter Purchase

The Orlando Police Pension Fund, which has invested in Twitter, filed a complaint to block Elon Musk from acquiring the company. The defendants in the lawsuit are Twitter, Elon Musk, Twitter CEO Parag Agrawal, and the Twitter board.

The lawsuit argues that Musk should not take over the company until at least 2025 unless two-thirds of the company’s shareholders approve the buyout. It argues that after Musk bought 9% of the company’s shares he became an “interested stockholder,” and therefore his takeover should be delayed.

We obtained a copy of the lawsuit for you here.

The lawsuit seeks to delay…

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