SEC sues Elon Musk, saying he didn't disclose Twitter ownership …
3 days 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 ...
SEC.gov | Elon R. Musk
3 days ago · SEC Charges Elon Musk for Violating the Beneficial Ownership Reporting Requirements of the Federal Securities Laws. ... 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 artificially ...
Elon Musk underpaid Twitter acquisition by $150M by not …
3 days 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, accusing him of withholding info that cost Twitter …
3 days ago · The SEC has sued billionaire X owner Elon Musk, alleging he failed to disclose his ownership of Twitter stock in a timely manner in 2022. The SEC has sued billionaire X owner Elon Musk, alleging ...
SEC sues Elon Musk, alleging he failed to disclose Twitter ... - PBS
2 days 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 sues Elon Musk, says he didn't disclose Twitter ownership on …
3 days ago · The U.S. Securities and Exchange Commission says Musk failed to disclose his ownership of Twitter stock in a timely manner before buying the site and underpaid by $150 million for shares he bought.
SEC Sues Elon Musk for Failure to Disclose Growing Twitter Stake ...
3 days ago · Elon Musk cheated Twitter shareholders out of more than $150 million by waiting too long to disclose his growing stake in the company as he prepared a takeover bid, the US Securities and Exchange ...
S.E.C. Sues Elon Musk Over Twitter-Related Securities Violations
3 days 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.
US SEC sues Elon Musk over late disclosure of Twitter stake
3 days ago · The SEC said that at the expense of unsuspecting investors, Musk instead bought more than $500 million of Twitter shares at artificially low prices before finally revealing his purchases on April ...
SEC Sues Elon Musk Over Twitter Stock Buys, Escalating Long …
The Securities and Exchange Commission on Tuesday sued Elon Musk over allegations he misled shareholders about his Twitter stock purchases, escalating the agency’s long-simmering feud with the ...