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SEC Sues Musk for 'Underpaying' for Twitter Stock Amid Takeover
The Securities and Exchange Commission sued Tesla CEO Elon Musk for allegedly delaying a disclosure of a stake in Twitter—allowing him to "underpay by at least $150 million for shares he purchased after his beneficial ownership report was due.
Elon Musk is being sued by the SEC over his Twitter takeover. What we know
Elon Musk is being sued by the U.S. Securities and Exchange Commission over his 2022 Twitter takeover. The agency alleges that the billionaire failed to disclose his ownership of Twitter stock in a timely manner, saving himself at least $150 million “at the expense of shareholders.”
SEC sues Elon Musk over delayed disclosure of Twitter stake
The SEC has filed a lawsuit against Elon Musk, alleging that the billionaire delayed disclosing his acquisition of Twitter Inc. shares to accumulate his stake at lower prices.
SEC sues Musk, saying he didn’t disclose purchase of Twitter shares on time before buying site
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% of Twitter’s shares.
18h
on MSN
High Court approves Carlsberg's J20 maker takeover
Carlsberg's £3.3bn deal to buy J2O maker Britvic has been approved by a High Court judge.The Danish brewery, which also owns ...
13h
on MSN
Beacon Roofing Supply Stock Rises as QXO Proposes $11 Billion Cash Takeover
Beacon Roofing Supply stock rose sharply on Wednesday after building-products distributor QXO made an $11 billion cash bid to ...
13h
FOX Sports Reveals Special Super Bowl LIX Coverage ‘Takeover’
Studio Show Lineup Brings Its Extensive Coverage of the Big Game to FOX FOX Sports Unveils Super Bowl Sunday Takeover of Tubi ...
14h
Dolly Varden Silver: An Interesting Potential Takeover Target
Dolly Varden Silver has a market cap of $215 million, with significant silver and gold resources, but no dividend. Click here ...
2d
on MSN
CPS on the ‘financial brink’ and state takeover shouldn’t be out of the question, Civic Federation report says
Chicago Public Schools is on the financial brink and the state should consider taking over, according to budget watchdog ...
1d
Possible takeover bid for US Steel reported
United States Steel Corp. shares rose Monday after cable financial news channel CNBC reported that Cleveland-Cliffs Inc. and ...
2d
on MSN
Organizers charged after street takeover on I-95 in New Haven
Four people are accused of orchestrating a street takeover on Interstate 95 Sunday afternoon, according to state police. The ...
2d
on MSN
CPS perched on financial cliff, state financial takeover an option: report
The nation's fourth-largest school system is perched on a financial cliff, and will fall if something is not done soon, ...
1d
on MSN
Colorado apartment to close after multiple arrests, claims of Venezuelan gang takeover
An Aurora, Colorado judge granted the 'emergency closure' of The Edge at Lowry Apartments after multiple arrests and rumored ...
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