Musk presses to dismiss Twitter case

Elon Musk is calling for the dismissal of a Twitter shareholder lawsuit over him trying to terminate his multibillion-dollar buyout deal — and subpoenaing the social media company’s former CEO.


The moves follow Musk’s unexpected announcement in July that he’d walk away just a few months after making the $44 billion agreement in April, as well as reports that the company lost revenue after Musk pulled back.


The Tesla and SpaceX CEO terminated the buyout deal due to what he alleged were “false and misleading representations” from Twitter during the agreement processes and the company’s failure to provide information on “the prevalence of fake or spam accounts on Twitter’s platform,” according to a Securities and Exchange Commission filing.