A lawsuit accuses mask and "Morgan Stanley" from the hiding of Twitter shares
In a lawsuit filed by one of the shareholders, it is alleged that Elon Musk, who secretly acquired a great stake in Twitter early 2022 before it was finally bought, did so with the help of a banker of Morgan Stanley “banking advice to the US billionaire on how to notify the market. A banker whose identity was not mentioned to a mask and his business manager Garid Bershal, regular guidelines on ‘trading strategies with the aim of avoiding their discovery in public’, and ‘money is provided’ by hiding these transactions and offers on the market, according to a amended version of a lawsuit in 2022 last Tuesday in the Manhattan Court. A public pension fund in Oklahoma bought a 9% of Twitter “surreptitious”, and he claimed that a mask was delayed to disclose its ownership of more than 5% of the shares of the social media business, and the price remained low in an artificial way. According to the complaint, Musk managed to obtain more than 9% of “Twitter” without causing a significant increase in share prices, which eventually happened once the share of its ownership was announced. Last year, Mask argued that the lawsuit should be rejected because it is not based on any legal basis, and it is just an attempt to utilize the riot that surrounds it, and its algebraics on the $ 44 billion platform, which he renamed the name “X”. Last September, a judge issued his verdict to continue the case and accept some allegations. Mask purchases of shares are also subject to investigation by the US Security and Exchange Committee. At the time, Musk and “Morgan Stanley” did not respond outside the usual working hours at requests for comment on the subject comment. At the time, Persall, CEO of “Neuralink”, did not respond to a mask, at the time requested to comment on the matter. The acquisition agreement eventually acquired a royal part of billions of dollars in ‘Twitter’ without the company learning anything about it, and he soon agreed to join the board ‘Twitter’ after announcing its investment. But during April 2022, Musk decided to try to buy the company. At a time, he later tried to withdraw the purchase agreement, but ‘Twitter’ filed a lawsuit against him and completed the acquisition at the end of the end of October 2022. Musk relied on “Morgan Stanley” in many of its commercial efforts. It is known that Michael Grames, general manager of “Morgan Stanley”, participated in a mask acquisition on Twitter in a big way. The lawsuit claims that “Morgan Stanley” earned about $ 1.5 million commissions to implement the ‘secret acquisition of Twitter shares’.