Twitter, Inc.

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Ademi LLP is investigating Twitter (NYSE: TWTR) for possible breaches of fiduciary duty and other violations of law in its transaction with Elon Musk.

Ademi LLP alleges Twitter’s financial outlook and prospects are excellent and yet Twitter holders will receive only $54.20 per share in cash in a transaction valued at approximately $44 billion. The transaction agreement unreasonably limits competing bids for Twitter by prohibiting solicitation of further bids, and imposing a significant penalty if Twitter accepts a superior bid. Twitter insiders will receive substantial benefits as part of change of control arrangements.

We are investigating the conduct of Twitter’s board of directors, and whether they are (i) fulfilling their fiduciary duties to all shareholders, and (ii) obtaining a fair and reasonable price for Twitter.