Twitter Investors Suing Elon Musk Seek Class Certification

The lead plaintiffs in a suit against Elon Musk asked a federal trial court to certify a class of thousands of investors alleging he fueled uncertainty about his proposed buyout of Twitter in order to drive down the stock price.

Certification is appropriate because the class is sufficiently numerous, the lead plaintiffs “are more than adequate representatives,” and their claims are common to the class, the investors say in a motion filed in the US District Court for the Northern District of California.

Proposed class counsel is also well-qualified, common questions of law and fact predominate, and a class action ...