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The SEC has sued billionaire X owner Elon Musk, alleging he failed to disclose his ownership of Twitter stock in a timely manner in 2022.
The US Securities and Exchange Commission sued Elon Musk on Tuesday for allegedly failing to properly disclose his ownership of X, then known as Twitter, as required by federal law, which allowed ...
The U.S. Securities and Exchange Commission sued Elon Musk on Tuesday, alleging failure to timely disclose that he bought more than 5% of Twitter's stock in 2022 before he took over the social ...
On October 24, 2019, the transcripts of video depositions of Elon Musk and other SolarCity board members became widely available. [95] The trial was held in July 2021. [96] On October 22, 2021, the lawsuit was limited to a derivative lawsuit and the direct claims against Musk were dismissed. [97]
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 ...
"As the SEC retreats and leaves office — the SEC's multi-year campaign of harassment against Mr. Musk culminated in the filing of a single-count ticky tak complaint against Mr. Musk under ...
Former Twitter executives sued Musk and X Corp. for US$128 million in unpaid severance in March 2024. In the filing, the plaintiffs alleged that Musk had acted in revenge against them personally. [3] A district judge dismissed Musk's bid to dismiss the case on November 1, 2024. [4]
According to The Wall Street Journal, the SEC told Tesla in May 2020 that the company had failed "to enforce these procedures and controls despite repeated violations by Mr. Musk". [17] A lawsuit filed in March 2021 alleges that Musk violated his fiduciary duty to Tesla by continuing to send "erratic" tweets in violation of the SEC settlement ...