Tag #Sec Lawsuit

edition.cnn.com
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Trump Administration Drops Lawsuit Against Coinbase

The Trump administration dropped a major lawsuit against Coinbase, America's largest cryptocurrency exchange, reversing the Biden administration's attempt to regulate it as an unregistered broker, clearing agency, and exchange; this decision followed President Trump's executive order aimed at easing...

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theguardian.com
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SEC Sues Elon Musk for Late Disclosure of Twitter Stock Ownership

The SEC sued Elon Musk for failing to promptly disclose his Twitter stock ownership, enabling him to purchase shares at artificially low prices before disclosure, resulting in at least $150 million in losses for other shareholders; Musk's lawyer dismissed it as a minor administrative error.

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lefigaro.fr
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SEC Sues Elon Musk for Delayed Twitter Stock Disclosure

The SEC sued Elon Musk on January 14, 2025, for failing to timely disclose his acquisition of over 5% of Twitter stock in March 2022, allegedly costing him at least $150 million and prompting further legal actions.

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us.cnn.com
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SEC Sues Elon Musk for Delayed Disclosure of Twitter Stock Ownership

The US Securities and Exchange Commission (SEC) sued Elon Musk on Tuesday for failing to disclose his ownership of over 5% of Twitter's stock by mid-March 2022, allowing him to buy shares at artificially low prices, costing investors over \$150 million.

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aljazeera.com
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SEC Sues Elon Musk for Delayed Twitter Stake Disclosure, Alleging \$150M Underpayment

The SEC sued Elon Musk for failing to timely disclose his over 5% Twitter stake in March 2022, enabling him to buy shares at artificially low prices and underpaying by at least \$150 million, violating US securities regulations.

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fr.euronews.com
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SEC Sues Elon Musk for Undisclosed Twitter Stock Purchases

The SEC is suing Elon Musk for failing to disclose his acquisition of over 5% of Twitter's shares before his \$44 billion purchase in October 2022, costing taxpayers at least \$150 million, according to the SEC. This is one of several lawsuits related to Musk's controversial Twitter acquisition.

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