Twitter Investors sue Elon Musk, for manipulating the price of the company’s stock for his own benefit

Elon Musk was sued by Twitter investors for delaying the disclosure of his stake in the company

Neither Musk nor his lawyer immediately responded to requests for comment

The shareholders’ complaint says his gripes about “bots” were part of a scheme to negotiate a better price

Since Musk’s acquisition bid, Twitter’s share price has dropped more than 12%

Musk on Wednesday pledged an additional $6.25bn in equity financing to fund his bid

In one potential violation, they claim that Musk financially benefited by delaying required disclosures

Dorsey officially resigned from Twitter’s board of directors on Wednesday