Elon Musk is sued by shareholder for delay in disclosing Twitter's stake
Marc Rasella, a former $Twitter (Delisted)(TWTR.US$ shareholder, sued Elon Musk on Tuesday for missing out on the recent run-up on Twitter due to Musk's delay in disclosing the stakes.
U.S. securities law required investors to declare their stakes in 10 calendar days if holding was over the 5% mark. The lawsuit alleges Musk should report his position by March 24 while he filled it on April 4.
Twitter investors who sold their shares between March 24 and before Mr. Musk's stake was disclosed April 4 'missed the resulting share price increase as the market reacted to Musk's purchases and were damaged thereby.'
---according to the suit.
---according to the suit.
So mooers, what do you think?
Source: WSJ, MarketScreener, Forbes
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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Milk The Cow : Erm...
to them = use the legal action to get the share of 
that Elon earned.
.
to me 
. I'm just sharing what I'm thinking / my views
.
To put it more simple:
Shareholder feels that Elon played cheat to earn so much & did not share some
Well, Elon may snapped & sell all his shares or he may just use all that he earned from Twitter make Twitter HQ into a homeless shelter, my guessing
Don't listen
Chatterbox MooOP Milk The Cow:
Milk The Cow Chatterbox MooOP: Elon decided to buy Twitter at 54.20 USD per share.
.
. It worth at least 60 USD?
So, now the question is whether Twitter will sell it to Elon
Has Elon just checkmate Twitter?
No sell=Elon sell all his 9% since there's no reason for him to hold it anymore.
Sell=Elon buy Twitter at a considerably great discount
Milk The Cow Milk The Cow: Press Release: Twitter Confirms Receipt of Unsolicited, Non-Binding Proposal from Elon Musk
https://www.moomoo.com/en-us/news/post/9783015/press-release--twitter-confirms-receipt-of-unsolicited--non-binding-proposal-from-elon-musk?src=2&futusource=nnq_comment_stock-new&report_type=stock&report_id=14492270&skintype=3&data_ticket=e7ca23151f297294e94364694a36da06&main_broker=WwogIDEwMDgKXQ==&utm_medium=futu_niuniu_share&utm_content=web_share&utm_campaign=news&utm_term=14492270&main_broker=WzEwMDhd&data_ticket=e7ca23151f297294e94364694a36da06&channel=4&skintype=3&main_broker=WzEwMDhd&data_ticket=e577728400cbeaa02d8a4acaaf3a354d&channel=4&skintype=3
Lionnell : reclaim 990 we go green