SAN DIEGO, Oct. 27, 2022 (GLOBE NEWSWIRE) — The Shareholders Foundation, Inc. announced that the lawsuit filed against Elon Musk by an investor who had SOLD shares of Twitter, Inc. is approaching a deadline.

Investors who SOLD over $250,000 in shares of Twitter, Inc. (NYSE:TWTR) between May and October 2022 have certain options and short and strict deadlines in progress. Deadline: December 12, 2022. Those who have SOLD Twitter stock should contact the Shareholders Foundation at [email protected] or call +1(858) 779-1554.

In late April, Twitter announced Musk’s acquisition for $54.20 per share.

Musk then tweeted on May 13 that the merger was on hold and on May 17 that the deal could not go ahead. Musk then sent letters to Twitter ending the merger. After receiving the first resignation letter, Twitter sued Musk for specific performance.

Twitter shares fell to $32.52 in July.

Twitter’s lawsuit against Musk went to trial in mid-October. However, on Oct. 4, Musk announced that he intended to complete the merger at $54.20.

On Oct. 10, a Twitter stock seller filed a lawsuit against Musk for alleged securities law violations. The plaintiff claimed that Musk’s statements were false because he was not entitled to due diligence and had waived due diligence, Musk was aware of the problem of bots and spam on Twitter, and there were no legally justifiable reasons for ending the merger. The plaintiff demands damages.

Those who have SOLD Twitter stock should contact the Shareholders Foundation, Inc.

The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and settlement filing service that conducts research on shareholder matters and keeps investors informed of securities class actions, settlements, judgments and other stock/financial market legal news. The Shareholders Foundation, Inc. is not a law firm. Any…