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SEC Sues Elon Musk for Undisclosed Twitter Stock Purchases
The SEC sued Elon Musk on January 14th for failing to timely disclose his acquisition of over 5% of Twitter's shares in March 2022, allegedly allowing him to buy shares at artificially low prices and avoid paying at least $150 million; Musk's lawyer contends the SEC's case lacks merit.
SEC Sues Elon Musk for Undisclosed Twitter Stock Purchases
The SEC sued Elon Musk on January 14th for failing to timely disclose his acquisition of over 5% of Twitter's shares in March 2022, allegedly allowing him to buy shares at artificially low prices and avoid paying at least $150 million; Musk's lawyer contends the SEC's case lacks merit.
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