Heresniak

Heresniak v. Musk

Good Law
United States District Court, Northern District of CaliforniaJanuary 31, 20233:22-cv-03074California651 words

Opinion

Trial Court Opinion

IN THE UNITED STATES DISTRICT COURT FOR THE NORTHERN DISTRICT OF CALIFORNIA 7 WILLIAM HERESNIAK, Case No. 22-cv-03074-CRB

Plaintiff,

ORDER GRANTING MOTION FOR

v.

LEAVE TO FILE AMENDED

COMPLAINT

ELON MUSK, et al., Defendants.

Plaintiff William Heresniak (“Heresniak”) brings this action on behalf of himself and a proposed class of “all stockholders of Twitter,” against Elon Musk, Twitter, Inc., X Holdings I, Inc., and X Holdings II, Inc. (together, “Defendants”) for alleged violations of Delaware law during and as a result of Musk’s ultimately successful buyout of Twitter. See First Am. Compl. (dkt. 7). In October, the parties stipulated to a stay of this action during the pendency of the Delaware action, Twitter, Inc. v. Musk et al., No. 2022-0613 (Del. Ch.), which culminated in Musk closing the merger, mooting much of the relief sought by Heresniak in his initial complaints. See dkt. 52. The parties then stipulated that, if they could not agree to the filing of a second amended complaint, Heresniak would file a…

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