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The Securities and Exchange Commission sued Elon Musk in federal court on Tuesday for allegedly misleading shareholders when he bought hundreds of millions of dollars worth of Twitter stock in ...
The suit alleges Musk violated federal securities laws, enabling him to purchase shares of Twitter at artificially low prices before his $44 billion takeover of the social media site.
The U.S. Securities and Exchange Commission has sued billionaire Elon Musk, saying he failed to disclose his ownership of Twitter stock in a timely manner in early 2022, before buying the social ...
The Securities and Exchange Commission filed a lawsuit Tuesday against Elon Musk, accusing the owner of X of failing to properly disclose his purchases of Twitter stock prior to his acquisition of ...
The U.S. Securities and Exchange Commission this week filed a suit against X, formerly Twitter, owner Elon Musk over Twitter stock purchases he made in 2022. Musk began to buy Twitter in April ...
Twitter formally launched its lawsuit against Musk at the Delaware Court of Chancery on July 12, [110] with Musk tweeting in response, "Oh the irony lol". [111] Twitter requested that the trial be held from September 19 through September 22, [112] before the deal's originally scheduled "drop dead" date on October 24. [113]
Twitter stock jumped 11% in early trading today, following the news that CEO Jack Dorsey is stepping down. See: Crypto Update: Jack Dorsey's Square Publishes Whitepaper for Decentralized Bitcoin...
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