SEC sues Elon Musk, saying he didn't disclose Twitter ownership …
23 hours ago · “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 tack complaint against Mr. Musk under Section 13(d) for an alleged administrative failure to file a single form — an offense that, even if proven, carries a nominal penalty,” Spiro added.
SEC.gov | Elon R. Musk
23 hours ago · According to the SEC’s complaint, Musk underpaid by at least $150 million for his purchases of Twitter common stock in this period. The complaint further alleges that, due to Musk’s failure to timely file a beneficial ownership report with the SEC, investors that sold Twitter common stock between March 25, 2022 and April 1, 2022 did so at ...
Elon Musk underpaid Twitter acquisition by $150M by not …
1 day ago · The SEC alleged that Musk violated federal securities laws when he amassed more than $500 million in shares of Twitter -- later renamed X -- without properly disclosing his stake in the company ...
SEC sues Elon Musk, says he didn't disclose Twitter ownership on …
23 hours ago · The U.S. Securities and Exchange Commission says Musk failed to disclose his ownership of Twitter stock in a timely manner before buying the site and underpaid by $150 million for shares he bought.
S.E.C. Sues Elon Musk Over Twitter-Related Securities Violations
1 day ago · The S.E.C. contends that in buying Twitter in 2022, Mr. Musk violated securities laws by amassing a large stock position in the social media company without filing the proper notification.
SEC sues Elon Musk, alleging he failed to disclose Twitter ... - PBS
9 hours ago · As a result, the SEC alleges, Musk was able to underpay “by at least $150 million” for shares he bought after he should have disclosed his ownership of more than 5 percent of Twitter’s shares.
SEC sues Elon Musk, accusing him of withholding info that cost Twitter …
18 hours ago · 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.
US SEC sues Elon Musk over late disclosure of Twitter stake
1 day ago · In a complaint filed in Washington, D.C. federal court, the SEC said Musk violated federal securities law by waiting 11 days too long to disclose his initial purchase of 5% of Twitter's common shares.
SEC Sues Elon Musk Over Twitter Stock Buys, Escalating Long …
The SEC’s lawsuit, filed in federal court in the District of Columbia, says Musk’s delayed disclosure of his ownership allowed him to save more than $150 million on buying Twitter stock ...
EX-99.1 - SEC.gov
SAN FRANCISCO, April 25, 2022 /PRNewswire/ — Twitter, Inc. (NYSE: TWTR) today announced that it has entered into a definitive agreement to be acquired by an entity wholly owned by Elon Musk, for $54.20 per share in cash in a transaction valued at approximately $44 billion.