Judge throws out shareholder lawsuit against Elon Musk over Twitter buyout

A class-action lawsuit against Elon Musk, claiming he cheated Twitter shareholders multiple times during his $44bn purchase of the social media company last year, has been dismissed by US District Judge Charles Breyer in San Francisco. Breyer said the lawsuit’s plaintiff, William Heresniak, lacked standing since he contested “wrongs associated with” Musk’s buyout, rather than the buyout’s fairness. He also found no evidence of Musk aiding two friends, Jack Dorsey and Egon Durban, then on Twitter’s board, breach their fiduciary duties by favoring their interests with Musk’s support.