SEC sues Elon Musk over delayed Twitter stock disclosure, alleges $150 million underpayment
The SEC has sued Elon Musk, accusing him of failing to disclose his Twitter stock ownership on time before his acquisition of the platform in 2022. The delay allegedly allowed Musk to buy shares at a lower price, underpaying by at least $150 million.
The SEC has sued Elon Musk, accusing him of failing to disclose his Twitter stock ownership on time before his acquisition of the platform in 2022. The delay allegedly allowed Musk to buy shares at a lower price, underpaying by at least $150 million.
