SEC sues Elon Musk, saying he didn't disclose Twitter ownership …
21 hours ago · As a result, the SEC alleges, Musk was able to underpay “by at least $150 million” for shares he bought after he should have disclosed his ownership of more than 5% of Twitter’s shares. Musk bought Twitter in October 2022 and later renamed it X. Musk started amassing Twitter shares in early 2022, and by March of that year, he owned more ...
Elon Musk underpaid Twitter acquisition by $150M by not …
21 hours ago · The SEC alleged that Musk violated federal securities laws when he amassed more than $500 million in shares of Twitter -- later renamed X -- without properly disclosing his stake in the company ...
SEC sues Elon Musk, accusing him of withholding info that cost Twitter …
16 hours ago · 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. The SEC has sued billionaire X owner Elon Musk, alleging ...
SEC sues Elon Musk, alleging he failed to disclose Twitter ... - PBS
6 hours ago · 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 ...
SEC sues Elon Musk, alleging failure to properly disclose Twitter …
21 hours ago · The SEC filed a lawsuit against Elon Musk on Tuesday, alleging the billionaire committed securities fraud in 2022 by failing to disclose he had amassed an active stake in Twitter, a secrecy that ...
SEC sues Elon Musk, says he didn't disclose Twitter ownership on …
20 hours ago · The U.S. Securities and Exchange Commission says Musk failed to disclose his ownership of Twitter stock in a timely manner before buying the site and underpaid by $150 million for shares he bought.
S.E.C. Sues Elon Musk Over Twitter-Related Securities Violations
22 hours ago · The S.E.C. contends that in buying Twitter in 2022, Mr. Musk violated securities laws by amassing a large stock position in the social media company without filing the proper notification.
SEC sues Elon Musk for allegedly failing to properly disclose his
21 hours ago · The US Securities and Exchange Commission sued Elon Musk on Tuesday for allegedly failing to properly disclose his ownership of X, then known as Twitter, as required by federal law, which allowed ...
SEC sues Elon Musk over late disclosure of Twitter stake - Yahoo
15 hours ago · The SEC said Twitter's share price then rose more than 27% once Musk disclosed his stake. Tuesday's lawsuit seeks to force Musk to pay a civil fine and give up, 'unjust' profits.
SEC Sues Elon Musk for Failure to Disclose Growing Twitter Stake ...
22 hours ago · Elon Musk cheated Twitter shareholders out of more than $150 million by waiting too long to disclose his growing stake in the company as he prepared a takeover bid, the US Securities and Exchange ...