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Elon Musk must face Twitter shareholders’ lawsuit over alleged securities fraud

CNBC
Summary
Nutrition label

78% Informative

A proposed class-action lawsuit brought by former Twitter shareholders against Elon Musk can move ahead in federal court in New York .

Plantiffs said they lost money when Musk was snapping up shares of publicly-traded Twitter ahead of a buyout, but failed to disclose his stake within a legally required time frame.

Tesla and SpaceX CEO had sought to have the case dismissed.

VR Score

81

Informative language

82

Neutral language

47

Article tone

formal

Language

English

Language complexity

54

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

Source diversity

1

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