A US judge has ruled that Elon Musk must face a significant portion of a lawsuit accusing him of defrauding former Twitter shareholders. The lawsuit alleges that Musk intentionally waited too long to disclose his investment in Twitter before purchasing the social media company and renaming it X. US District Judge Andrew Carter allowed shareholders to pursue claims that Musk defrauded them by waiting 11 days past a US Securities and Exchange Commission deadline to reveal his 5% stake in Twitter. While an insider trading claim was dismissed, this ruling sets the stage for a legal battle over Musk’s actions and intentions.