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Will X's stock price drop by more than 10% due to Omid Kordestani's lawsuit by the end of 2024?
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Former Twitter Chairman Sues X for $20M in Unpaid Shares
Aug 10, 2024, 03:56 PM
Former Twitter Chairman Omid Kordestani is suing X, the company formerly known as Twitter, for allegedly failing to cash out more than $20 million worth of shares owed to him. Kordestani, who played a role in overseeing the sale of Twitter to Elon Musk, claims that the current owner, Musk, is refusing to fulfill the financial obligation. This legal action highlights ongoing tensions within the company following its acquisition by Musk.
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