Elon Musk sued by SEC over late disclosure of Twitter stake - New …

10 hours ago · The SEC said Musk did not disclose his stake until April 4, 2022, 11 days after the deadline, by which time he owned more than 9% of Twitter’s shares. Twitter’s share price rose …

9%
OFF

Elon Musk Sued By SEC Over Late Disclosure Of Twitter Stake - New …

2 weeks from now

nypost.com

$150
OFF

S.E.C. Sues Elon Musk Over Twitter-Related Securities Violations

2 weeks from now

10 hours ago · The move “allowed him to underpay by at least $150 million” for the additional shares before he belatedly disclosed his stake, the lawsuit continued. Over the past few …

nytimes.com

5%
OFF

Elon Musk Sued By SEC Over Late 2022 Disclosure Of Twitter Stake

2 weeks from now

8 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 …

latimes.com

5%
OFF

US SEC Sues Elon Musk Over Late Disclosure Of Twitter Stake

2 weeks from now

10 hours ago · (Reuters) - Elon Musk was sued on Tuesday by the U.S. Securities and Exchange Commission for having failed to timely disclose purchasing more than 5% of Twitter's common …

usnews.com

$150
OFF

SEC Sues Elon Musk For Failure To Disclose Growing Twitter Stake ...

2 weeks from now

11 hours 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 …

bloomberg.com

$150
OFF

Elon Musk Accused By US Regulator Of Bilking Twitter Investors Out …

2 weeks from now

8 hours ago · NEW YORK - Elon Musk cheated Twitter shareholders out of more than US$150 million (S205 million) by waiting too long to disclose his growing stake in the company as he …

straitstimes.com

$44
OFF

Elon Musk Sued By SEC Over Late 2022 Disclosure Of Twitter Stake

2 weeks from now

8 hours ago · Elon Musk purchased Twitter, a social media site now known as X, for $44 billion in 2022. (NurPhoto / Getty Images) The U.S. Securities and Exchange Commission sued Elon …

yahoo.com

$500
OFF

Elon Musk Sued By US SEC Over Late Disclosure Of Twitter Stake

2 weeks from now

2 hours ago · The SEC said that at the expense of unsuspecting investors, Musk instead bought more than $500 million (roughly Rs. 4,324 crore) of Twitter shares at artificially low prices …

gadgets360.com

5%
OFF

US SEC Sues Elon Musk Over Late Disclosure Of Twitter Stake

2 weeks from now

8 hours ago · Elon Musk was sued on Tuesday by the U.S. Securities and Exchange Commission for having failed to timely disclose purchasing more than 5% of Twitter's common stock in …

indiatimes.com

5%
OFF

US SEC Sues Elon Musk Over Late Disclosure Of Twitter Stake - MSN

2 weeks from now

(Reuters) -Elon Musk was sued on Tuesday by the U.S. Securities and Exchange Commission for having failed to timely disclose purchasing more than 5% of Twitter's common stock in March …

msn.com

27%
OFF

SEC Sues Elon Musk Over Late Disclosure Of Twitter Stake

2 weeks from now

3 hours ago · The SEC said Twitter's share price then rose more than 27% once Musk disclosed his stake. Tuesday's lawsuit seeks to force Musk to pay a civil fine and give up, 'unjust' profits. …

marketscreener.com

FAQs about Elon Musk sued by SEC over late disclosure of Twitter stake - New … Coupon?

Why was Elon Musk sued by SEC?

Elon Musk sued by SEC over late disclosure of Twitter stake in parting shot by lame-duck Gary Gensler Elon Musk was sued on Tuesday by the Securities and Exchange Commission for having failed to timely disclose purchasing more than 5% of Twitter’s common stock in March 2022 — a parting shot at the mogul by lame-duck SEC boss Gary Gensler. ...

Did Elon Musk break securities laws?

The Securities and Exchange Commission has sued Elon Musk, alleging that he broke securities laws with a late disclosure over Twitter shares that he bought. ...

Why did Elon Musk buy Twitter shares at 'artificially low prices'?

Musk bought Twitter shares at 'artificially low prices' and saved $150 million because he reported his Twitter stake late, the SEC alleges. Billionaire tech executive Elon Musk is being sued by the Securities and Exchange Commission (SEC) for alleged security violations related to his 2022 acquisition of Twitter, which he rebranded to X. ...

Why is Elon Musk suing Twitter?

A Twitter Inc. shareholder is suing Elon Musk, claiming he and others suffered financial losses because of the billionaire’s delay in disclosing his stake in the social-media company. ...

Does Elon Musk have a feud with the SEC?

Elon Musk has long feuded with the SEC, including after it sued him in 2018 over his Twitter posts about possibly taking Tesla private and having secured funding to do so. The SEC sued Elon Musk six days before Donald Trump's January 20 inauguration. ...

Did Elon Musk do anything wrong?

Alex Spiro, a lawyer for Mr Musk, in an email said: “Mr. Musk has done nothing wrong and everyone sees this sham for what it is.” The Securities and Exchange Commission sued Elon Musk for having failed to timely disclose purchasing more than five per cent of Twitter’s common stock in March 2022. Picture: Anna Moneymaker/Getty Images/AFP ...