Federal Judge Partially Dismisses Twitter Stock Takeover Suit Against Musk

(October 5, 2023, 2:53 PM EDT) -- NEW YORK — A federal judge in New York largely denied a motion from Elon Musk to dismiss a complaint filed against him and a trust in his name by a pension fund that alleges that Musk illegally concealed his growing ownership stake in the company formerly called Twitter Inc., finding that the pension fund had adequately pleaded scienter and loss causation; the judge dismissed only a claim of insider trading against Musk....

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