Elon Musk underpaid Twitter acquisition by $150M by not ...
20 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, saying he didn’t disclose Twitter ...
20 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 ...
S.E.C. Sues Elon Musk Over Twitter-Related Securities ...
21 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 company without filing the proper notification.
SEC sues Musk, alleging Twitter-related securities violation
20 hours ago · The SEC launched an investigation into Musk in April 2022 over his initial purchase of Twitter stock and his various SEC filings related to the social media company.. Before acquiring Twitter, now ...
SEC sues Elon Musk, alleging failure to properly disclose ...
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, saying he didn't disclose Twitter ...
20 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 accuses Elon Musk of delaying disclosures on Twitter ...
21 hours ago · The US Securities and Exchange Commission has sued Elon Musk for allegedly failing to disclose his acquisition of more than 5 per cent of Twitter’s stock in a timely manner.