today. elon musk offering details. he tweeted he secured funding, but nothing else. now the saudi sovereign wealth fund controlled by the saudi government. musk said they approached him several times. musk is trying to add credibility to the proposed buyout. the tweet triggered invest or lawsuits investor lawsuits and s.e.c. probe. papa john s is bailing out franchisees over the nightmare. sales fell 10% in july after john schnatter used a racial slur on the conference call. papa john s will offer assistance including cutting royalties and food prices and online fees. it helps to pay for marketing images. papa john s stopped using schnatter s image when he stepped down. the two companies.
capital firm, i have limited money from my partners, four years 56 of the companies that i invest your money in go bankrupt and then it turns out that i took money on the side from those companies because, of course, the obama campaign did take contributions from all these companies i would be in deep trouble. i would be looking at investor lawsuits and criminal charges. that s a criminal record. that s like bernie madoff. totally. 56 are out of business? come on. the government should not be in the venture capital business. they are not good at it? move on to sunday headlines now. we start with a fox news alert. former massachusetts government paul lost his long battle with lieu gehrig s disease. known for strong bipartisanship and working with democrats to pass laws in his state. his death so significant it sparked this statement from two former presidents george h.w. bush and george
of the deal. that s important here because while these types of investor lawsuits are exxon in contested situations like this, the law firm representing these investors in this morning s suits has a pretty good pedigree winning more than $8 billion in claims for investors in enron. today s suit followed another that came yesterday. that was against nasdaq, problems with trading caused early trading in facebook to be extremely volatile. investors had trouble carrying out orders. now the s.e.c. and finra have opened reviews into this situation. it ended up losing a lot of money for investors. kayla tausche, thank you, appreciate it. other stories topping the news, for the first time in generations, voters in egypt right now are freely picking a president. this 15 months after hosni mubarak was forced out of office. egyptians are lining up for hours to cast ballots to choose a successor.