SEC.gov | Elon R. Musk
20 hours ago · According to the SEC’s complaint, Musk underpaid by at least $150 million for his purchases of Twitter common stock in this period. The complaint further alleges that, due to Musk’s failure to timely file a beneficial ownership report with the SEC, investors that sold Twitter common stock between March 25, 2022 and April 1, 2022 did so at ...
SEC sues Elon Musk, saying he didn't disclose Twitter ownership …
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 ...
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, alleging he failed to disclose Twitter ... - PBS
6 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 percent of Twitter’s shares.
SEC sues Elon Musk, accusing him of withholding info that cost Twitter …
15 hours ago · Musk started buying shares of Twitter, which he later renamed X, in early 2022. By mid-March, he'd acquired ownership of more than 5% of the company's outstanding stock, according to the SEC filing.
SEC Sues Elon Musk Over Late Twitter Stake Disclosure
20 hours ago · The SEC's lawsuit filed on Tuesday alleges that Musk—who completed his $44 billion purchase of Twitter Apr. 24, 2022—had already acquired over 5% of the company on Mar. 14 but delayed ...
SEC Sues Musk for 'Underpaying' for Twitter Stock Amid Takeover
9 hours ago · That delayed disclosure allowed Musk to buy more than $500 million in added Twitter stock at "artificially low prices," the SEC said. Musk completed his roughly $44 billion purchase of Twitter ...
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 ...
Elon Musk sued by SEC over late 2022 disclosure of Twitter stake
18 hours ago · The U.S. Securities and Exchange Commission sued Elon Musk on Tuesday, alleging failure to timely disclose that he bought more than 5% of Twitter’s stock in 2022 before he took over the social ...
S.E.C. Sues Elon Musk Over Twitter-Related Securities Violations
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 social media company without filing the proper notification.