Elon Musk and Twitter are being sued by shareholders for an acquisition of more than $ 44 billion

Elon Musk Other Twitter Inc was sued Friday by a Florida pension fund trying to stop Musk from swiftly completing his planned $ 44 billion acquisition of the social media company.

In a complaint filed with the Delaware Chancery Court, the Orlando Police Pension Fund said that under Delaware law Musk cannot complete the acquisition until at least 2025 unless the holders of two-thirds of the shares not “owned” by he have not been approved.

The lawsuit alleged that Musk became an “interested shareholder” after taking a Twitter stake of more than 9%, requesting the delay.

Musk also runs the electric car company Tesla Inc and is the richest person in the world according to Forbes magazine.

Twitter and its board, including the CEO Parag Agrawalthey are also defendants.

The lawsuit seeks to delay closing the merger until at least 2025, claim Twitter directors have violated their fiduciary duties, and recover legal fees and expenses.

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Twitter declined to comment. Musk’s attorney did not immediately respond to a request for comment.

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