Elon Musk has been sued in a recent lawsuit by a Twitter investor. The investor accused Musk of manipulating the market to aid him in reducing the transaction cost of his $44 billion Twitter acquisition.
The investor, William Heresniak, charged Musk with purposefully making market movements to lower stock prices. The current deal was said to be put on hold as Elon stated that he witnessed many spam accounts on the platform.
In the complaint, filed in the United States District Court for the Northern District of California, the plaintiff is seeking declaratory and injunctive relief.