Elon Musk is being sued by the SEC over his Twitter takeover. What we know
Elon Musk is being sued by the U.S. Securities and Exchange Commission over his 2022 Twitter takeover. The agency alleges that the billionaire failed to disclose his ownership of Twitter stock in a timely manner, saving himself at least $150 million “at the expense of shareholders.”
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 ...
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Elon Musk underpaid Twitter acquisition by $150M by not disclosing stake, SEC allegesThe Securities and Exchange Commission sued Elon Musk in federal court on Tuesday for allegedly misleading shareholders when he bought hundreds of millions of dollars worth of Twitter stock in ...
According to the SEC complaint, Musk didn’t follow disclosure rules, “allowing him to underpay by at least $150 million for shares he purchased after his financial beneficial ownership report was due.
The U.S. Securities and Exchange Commission sued Elon Musk on Tuesday ... s stake and ended up selling their Twitter shares at low prices, the SEC alleges. X, formerly known as Twitter, is ...
The U.S. Securities and Exchange Commission has sued billionaire Elon Musk, saying he failed to disclose his ownership of ...
The financial regulator wants Musk to pay a civil penalty and remedies over alleged “unjust enrichment” ahead of his 2022 ...
The world's richest man, now firmly embedded in the Trump administration, has lost over $11 billion since the start of the year.
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