According to the complaint, “Musk proceeded to make statements, send tweets, and engage in conduct designed to create doubt about the deal and drive Twitter’s stock down significantly in order to create leverage that Musk hoped to use to either back out of the purchase or re-negotiate the buyout price” after signing the agreement.
“As outlined below, Musk’s conduct was and continues to be illegal, in violation of the California Corporations Code, and contrary to the contractual obligations he committed to in the arrangement,” according to the complaint.
