Musk Can’t Escape Investor Suit Over Flip-Flop on Twitter Buyout

Elon Musk must face a Twitter investor lawsuit that accuses him of fueling uncertainty about his proposed buyout in an effort to drive down the social media platform’s stock price, a California federal judge ruled.

US District Judge Charles Breyer on Monday kept alive claims involving three of Musk’s statements last year about the deal being put on hold and the number of fake accounts on the platform. Musk “did give an impression materially different from the state of affairs that existed,” according to the ruling.