Musk, Twitter
Elon Musk is being sued by the SEC over his Twitter takeover. What we know
Elon Musk is being sued by the U.S. Securities and Exchange Commission over his 2022 Twitter takeover. The agency alleges that the billionaire failed to disclose his ownership of Twitter stock in a timely manner, saving himself at least $150 million “at the expense of shareholders.”
US SEC Sues Elon Musk Over Late Disclosure of Twitter Stake
(Reuters) -Elon Musk was sued on Tuesday by the U.S. Securities and Exchange Commission, which accused the world's richest person of waiting too long to disclose in 2022 he had amassed a large stake in Twitter, the social media company he later bought.
The financial regulator wants Musk to pay a civil penalty and remedies over alleged “unjust enrichment” ahead of his 2022 ...
The US Securities and Exchange Commission sued Elon Musk on Tuesday for failing to properly disclose his ownership of X, then ...
According to the SEC complaint, Musk didn’t follow disclosure rules, “allowing him to underpay by at least $150 million for shares he purchased after his financial beneficial ownership report was due.
The case sets up an early test of how Trump’s pick to chair the agency — Paul Atkins — would navigate potential clashes with the incoming president's allies.
“Investors who sold Twitter common stock during this period did so at artificially low prices and thus suffered substantial economic harm.” Alex Spiro, a lawyer for Musk, said the action is “an ...
The U.S. Securities and Exchange Commission (SEC) this week filed a suit against X, formerly Twitter, owner Elon Musk over Twitter stock purchases he made in 2022. Musk didn’t disclose in a ...
SEE ALSO: Twitter shareholder Elon Musk is reportedly being investigated by the SEC. Again. However, rather than disclosing his purchase by March 24, Musk allegedly waited 11 days past the ...
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The charges even have an added advantage of driving a wedge between Trump’s new SEC chair, Paul Atkins, and his enforcement ...
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