The financial regulator wants Musk to pay a civil penalty and remedies over alleged “unjust enrichment” ahead of his 2022 ...
Text shows that the Twitter board was enthusiastic about Musk's decision to buy up large sections of the company ...
According to the SEC complaint, Musk didn’t follow disclosure rules, “allowing him to underpay by at least $150 million for ...
Elon Musk is being sued by the U.S. Securities and Exchange Commission over his 2022 Twitter takeover. The agency alleges ...
Musk bought Twitter shares at 'artificially low prices' and saved $150 million because he reported his Twitter stake late, the SEC alleges.
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.
“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 SEC sued Elon Musk in federal court on Tuesday for allegedly misleading shareholders when he bought hundreds of millions ...
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 ...
Elon Musk is being sued by the U.S. Securities and Exchange Commission, claiming he didn't disclose purchases of Twitter ...
She was shortlisted for the Guardian… SEC sues Musk for delaying disclosure of 5% Twitter stake, saving $150M in stock buys. Musk calls lawsuit a “sham,” accuses SEC of ignoring real crimes ...
We’re hearing that Donald Trump’s budget office rescinded the memo enacting an across-the-board spending freeze.