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SEC, Twitter and Elon Musk

ABC News on MSN · 3h

Elon Musk underpaid Twitter acquisition by $150M by not disclosing stake, SEC alleges

The SEC 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 2022.

SEC Obtains Elon Musk Texts In Twitter Lawsuit

Text shows that the Twitter board was enthusiastic about Musk's decision to buy up large sections of the company

Detroit News · 1h

SEC sues Elon Musk, saying he didn't disclose Twitter ownership on time before buying it

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.

7hon MSN

US SEC sues Elon Musk over late disclosure of Twitter stake

Elon Musk was sued on Tuesday by the U.S. Securities and Exchange Commission, which accused the world's richest person of ...

41m

SEC files complaint against Elon Musk

The complaint estimates that Musk saved at least $150m by purchasing Twitter stock at artificially low prices.

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