SEC.gov | Elon R. Musk
21 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 ...
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 for allegedly failing to properly disclose his
21 hours ago · He added that “the SEC’s multi-year campaign of harassment against Mr. Musk culminated in the filing of a single-count ticky tak complaint against Mr. Musk under Section 13(d) for an alleged ...
SEC sues Elon Musk, saying he didn't disclose Twitter ownership …
21 hours ago · “As the SEC retreats and leaves office — the SEC’s multi-year campaign of harassment against Mr. Musk culminated in the filing of a single-count ticky tack complaint against Mr. Musk under Section 13(d) for an alleged administrative failure to file a single form — an offense that, even if proven, carries a nominal penalty,” Spiro added.
SEC sues Elon Musk, accusing him of withholding info that cost …
16 hours ago · The SEC in 2018 filed a complaint alleging that Musk had misled Tesla investors. In 2023, the SEC said it was seeking a court order to compel Musk to testify as part of its investigation into his ...
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.
S.E.C. Sues Elon Musk Over Twitter-Related Securities Violations
21 hours ago · Although Mr. Musk initially said in an S.E.C. disclosure that he planned to be a passive shareholder in Twitter, he quickly pivoted and made an offer to buy it outright for $44 billion.
Musk Accused by SEC of Bilking Twitter Investors Out of Millions
21 hours ago · The SEC asked the court to direct Musk to pay a civil penalty and return profits, which the agency claims he reaped unjustly from his stock purchases. Musk also faces investor litigation accusing him of hiding his acquisition of Twitter shares. The case is Securities and Exchange Commission v. Musk, 25-cv-00105, US District Court, District of ...
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 hits Elon Musk with lawsuit in final salvo - POLITICO
1 day ago · The SEC sought sanctions in the case after Musk skipped out on another planned testimony to attend a SpaceX launch in September, but the agency was rebuffed. Late last year, the SEC offered Musk a ...