US Securities and Exchange Commission sues Elon Musk for not disclosing early Twitter stock purchase
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Euronews.com
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The SEC has sued Elon Musk for failing to timely disclose his ownership of Twitter stock, which allegedly allowed him to underpay by at least $150 million. Musk acquired over 5% of Twitter shares in early 2022 but did not report this by the legal deadline. The lawsuit follows Musk's controversial acquisition of Twitter for $44 billion, and it is uncertain how the incoming Trump administration will handle the case. Teljes cikk (Euronews.com)