The SEC filed a lawsuit against Elon Musk for failing to disclose his Twitter stock ownership timely, resulting in an alleged $150 million savings.
Musk's failure to disclose his stake exceeded the required ten-day public notice after surpassing a 5 percent ownership threshold, delaying it by 11 days.
The SEC's investigation focuses on possible breaches of securities laws regarding Musk's Twitter share purchases and subsequent public filings.
Musk's ongoing legal battles, including a prior case to enforce his acquisition of Twitter, complicate his relationship with the SEC amidst a potential leadership change.
Collection
[
|
...
]