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A judge dismissed a proposed class-action lawsuit against Elon Musk that claimed he cheated Twitter share holders several times last year in the course of buying the social media company for $44 billion. In a decision on Monday, US District Judge Charles Breyer in San Francisco said plaintiff William Heresniak lacked standing to sue because he challenged "wrongs associated with" Musk's buyout, not the fairness of the buyout itself. Breyer said Heresniak did not show harm from Musk's belated disclosure of a 9.2% Twitter stake, which the suit said let him buy more share s at lower prices before the buyout was announced, or from the closing's taking place 1 1/2 months later than planned. The judge also found no proof that Musk helped two friends then on Twitter's board, co-founder Jack Dorsey and Silver Lake private equity firm managing partner Egon Durban, breach their fiduciary duties by favoring their own and Musk's interests. Breyer said letting...

Google parent Alphabet on Wednesday argued that a court should toss out a government antitrust lawsuit against it, saying that agreements it made with Apple and others to make Google the default search engine do not bar smartphone makers from promoting rivals. The statements, which were revealed in a redacted version of a motion filed last month asking the judge to toss out the lawsuit, preview the tech giant's arguments for a high-stakes court case expected to go to trial in September. If Google loses, it could be forced to spin off key assets. In December, Google asked Judge Amit Mehta of the US District Court for the District of Columbia to throw out both the antitrust case that the Justice Department filed in 2020 along with 11 states as well as a related complaint brought by 35 states led by Colorado. The Justice Department's lawsuit, filed by the Trump administration, alleged that Google violated antitrust law in how it maintained dominance in sear...