Tag #Stock Acquisition

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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.

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