US SEC sues Elon Musk over late disclosure of Twitter stake
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, ...
SEC sues Elon Musk, alleging failure to properly disclose Twitter ownership
According to the SEC complaint, Musk didn’t follow disclosure rules, “allowing him to underpay by at least $150 million for ...
SEC sues Elon Musk, accusing him of withholding info that cost Twitter investors millions
The SEC has sued billionaire X owner Elon Musk, alleging he failed to disclose his ownership of Twitter stock in a timely manner in 2022.
SEC files bombshell lawsuit against Elon Musk for Twitter purchase
Billionaire Elon Musk has been sued by the US Securities and Exchange Commission over his Twitter purchase after he allegedly failed it disclose his stocks, allowing him to save 'at least $150 million ...
The Independent21d
Elon Musk is being sued by the SEC over his Twitter takeover. What we know
Musk, according to the SEC’s complaint filed in U.S. District Court in Washington, D.C, purchased more than $500 million worth of Twitter stock between March 25, 2022, and April 1, 2022 ...
Ars Technica22d
SEC sues Elon Musk, says he cheated Twitter investors out of $150 million
"Defendant Elon Musk failed to timely file with the SEC a beneficial ownership report disclosing his acquisition of more than five percent of the outstanding shares of Twitter's common stock in ...
Hosted on MSN22d
SEC sues Musk, alleging Twitter-related securities violation
Before acquiring Twitter, now known as X, for $44 billion in October 2022, Musk had increased his shares in the company. The SEC requires investors to disclose when they own more than 5 percent of ...
Politico22d
SEC hits Elon Musk with lawsuit in final salvo
The Securities and Exchange Commission took a parting shot at Elon Musk on Tuesday, filing a lawsuit over the billionaire’s alleged failure to properly disclose his purchases of Twitter stock in ...
Mashable22d
Elon Musk sued by SEC for late disclosure of Twitter stock purchase
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 ...
The Washington Post23d
SEC sues Elon Musk over late disclosure of Twitter share purchases
The SEC claims that Musk made his stake in Twitter public 11 days after that deadline. “Because Musk failed to timely disclose his beneficial ownership, he was able to make these purchases from ...
The Hill22d
SEC sues Musk, alleging Twitter-related securities violation
The Securities and Exchange Commission (SEC) has sued tech billionaire Elon Musk, alleging he committed securities fraud by failing to disclose his ownership of Twitter. According to the SEC ...