Elon Musk's Twitter Takeover Lawsuit Gains Momentum as Judge Advances Investor Claims

A federal judge has advanced a lawsuit filed by investors against Elon Musk over his actions leading up to and after the acquisition of Twitter, now known as X. The investors claim they suffered losses when they sold their shares due to Musk's posts claiming the platform had a major issue with fake accounts and that he could back out of the deal because of it. The judge found that several of Musk's statements were false or misleading, noting that he waived due diligence as part of the deal. The lawsuit accuses Musk of driving down the company's stock to renegotiate the buyout price. Musk also faces another suit from investors who sold their shares when he was late in notifying regulators of his stake in the company.