The SEC disclosed a new lawsuit against Tesla CEO Elon Musk over late disclosure of Twitter stock purchases in 2022.
The SEC has sued billionaire X owner Elon Musk, alleging he failed to disclose his ownership of Twitter stock in a timely ...
New litigation charging Musk violated disclosure rules during his 2022 acquisition of Twitter may be more about symbolism ...
The complaint estimates that Musk saved at least $150m by purchasing Twitter stock at artificially low prices.
Musk is accused of lowballing shareholders by waiting 11 days to disclose his ownership in Twitter, saving himself at least ...