Musk's $44 billion Twitter purchase was disputed in a shareholder lawsuit

Elon Musk and Twitter (TWTR) were sued on Friday by a Florida pension fund seeking to prevent Musk from quickly shutting down a proposed $44 billion takeover of the social media company.

In a lawsuit filed with the Delaware Office of Justice, the Orlando Police Pension Fund said that under Delaware law, Musk cannot complete the acquisition until at least 2025 unless it holds two-thirds of the shares he does not "own." I'm afraid I have to disagree. The lawsuit alleges that Musk became an "interested shareholder" after acquiring more than a 9% stake in Twitter, causing delays.

According to Forbes magazine, musk also runs the electric car company Tesla (TSLA) and is the wealthiest person in the world.

The lawsuit seeks to delay the completion of the merger until at least 2025, alleging breach of trust by Twitter executives, and recover court costs and costs.