Twitter investors sue Musk claiming 'market manipulation'

Elon Musk disclosed in early April that the owned over 9% of Twitter

Elon Musk: Twitter investors said Mr Musk saved himself $156m by failing to disclose that he had purchased more than 5% of Twitter by March 14.

Billionaire Elon Musk has been sued by Twitter investors for delayed disclosure of his stake in the company, as the owner of electric carmaker Tesla mounts a $44bn (€41bn) takeover bid for the social media platform.

The investors said Mr Musk saved himself $156m by failing to disclose that he had purchased more than 5% of Twitter by March 14.