The Elon Musk lawsuit regarding his 2018 tweets which talked about the Tesla buyout and taking the company private already selected its jury for its trial this Wednesday, January 18. The stage is now set and is only awaiting the hearing's course of events to take place, one that would determine whether the CEO did what he was alleged of by its investors.
Twitter is a powerful social media, and massive claims are also subject to lawsuits and complaints from concerned parties, especially if it is claimed by one of the most powerful people in the world.
Elon Musk Lawsuit: Jury Selection Process Done
AP News reported that the Elon Musk lawsuit already finished selecting its nine-person jury that will sit and hear both sides of the case. It was previously appealed by Musk's team to transfer the hearing to Texas, particularly as he claimed that San Fransisco jurors may have "poisoned minds" due to the Twitter acquisition case.
The jurors will play a massive role in this case, as with any other hearings, especially as they would need to evaluate both sides and give their response as citizens of the United States.
According to the report, jury selection became a painstaking process as people who were invited over had strong opinions about Musk, and it stems from both positive and negative ones.
Class Action Lawsuit Trial to Start Soon
The class action lawsuit was filed against the CEO on behalf of the Tesla investors who held a 10-day stock in 2018 after the infamous tweets were publicized via Twitter.
In different tweets, Musk said that he is considering taking Tesla private, and claimed that it will post a $420 stock price for all investors and buyers.
Furthermore, the Tesla CEO affirmed this via a blog post and his tweet, saying that it already got the investor support that is crucial to this process, further citing that it is "contingent to shareholder vote."
Elon Musk and his Tweets
The second top billionaire in the world. (via Forbes' real-time list), Elon Musk has had a few run-ins with government agencies regarding the many tweets he posts via the platform he now owns. Previously, it was about how Musk influences the cryptocurrency industry, with promotion-like tweets regarding Dogecoin which the SEC flagged.
The SEC also previously flagged Tesla for its failure to monitor the tech CEO's tweets, especially with his many claims online that center on different information about his companies. This is after the billionaire's previous $40 million settlement about an earlier case which also centers on his tweets that talked about the 2018 claims online.
Now, this same case is getting a class action lawsuit from the investors that the CEO allegedly defrauded, especially with his plans on taking Tesla private. The case is set to take place in San Fransisco in the coming day, with everything already in place, to hear what both sides have to present regarding the innocence or crimes of Elon Musk in 2018.
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