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.
Tesla stock was up in premarket trading Wednesday as investors were forced to consider—again—what conflict between CEO Elon Musk and the Securities and Exchange Commission means for shares of his electric-vehicle maker.
The Securities Exchange Commission has filed suit against Elon Musk, alleging that he violated securities law.
Elon Musk is being sued by the U.S. Securities and Exchange Commission, claiming he didn't disclose purchases of Twitter stock in 2022 immediately, allowing him to underpay.
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 media site.
The SEC alleges Elon Musk violated federal securities law by failing to disclose his more than 5% stake in Twitter on time.
The Securities and Exchange Commission waged another legal battle against Tesla CEO and X owner billionaire Elon Musk, this time accusing Musk of defrauding Twitter’s shareholders.
Musk's legal representative Alex Spiro dismissed the SEC's case as a tiny procedural point and called it a 'ticky tack complaint' saying that the agency's why harassment.' Musk ['s] actions are the opposite of overreach, said Spiro, and he had 'done nothing wrong.'
The US Securities and Exchange Commission sues Elon Musk saying he failed to disclose Twitter ownership in a timely manner.
Elon Musk was sued on Tuesday by the U.S. Securities and Exchange Commission, which accused the world's richest person of waiting too long to disclose in 2022 he had amassed a large stake in Twitter,
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The Security and Exchange Commission (SEC) filed a lawsuit against Elon Musk, owner of social media giant X (formerly known as Twitter), on January 14 in a federal court in Washington, D.