SEC sues Elon Musk, says he cheated Twitter investors out of $150 million
Twitter's stock price rose 27 percent once Musk belatedly disclosed his stake, the lawsuit said. "During the period that Musk was required to publicly disclose his beneficial ownership but had failed to do so, he spent more than $500 million purchasing additional shares of Twitter common stock," it said.
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Elon Musk sued by SEC for late disclosure of Twitter stock purchaseSEE ALSO: Twitter shareholder Elon Musk is reportedly being investigated by the SEC. Again. However, rather than ...
The U.S. Securities and Exchange Commission has sued billionaire Elon Musk, saying he failed to disclose his ownership of Twitter stock in a timely manner in early 2022, before buying the social media ...
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The SEC accuses Elon Musk of delaying Twitter stock disclosure and buying shares at "artificially low prices," impacting ...
Elon Musk, picked by President Donald Trump to lead the new Department of Government Efficiency, proposed using blockchain technology as part of ...
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