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(Reuters) - Billionaire Elon Musk is under investigation by the U.S. Securities and Exchange Commission over his $44 billion takeoverof social media giant

Elon Musk, the world's richest man, is under investigation by the U.S. Securities and Exchange Commission over his $44 billion takeover of social media giant Twitter, according to a Thursday court filing.

The U.S. Justice Department will not target companies that disclose wrongdoing they find by businesses they are buying in a bid to encourage more self-disclosure, the Deputy Attorney General said on...

(Reuters) -The U.S. Justice Department will not target companies that disclose wrongdoing they find by businesses they are buying in a bid to encourage more self-disclosure, the Deputy Attorney General said on Wednesday. The DOJ wants to encourage disclosure of any misconduct found during the mergers and acquisitions process with a new safe harbor policy and avoid penalizing responsible companies that acquire corporations with a history of wrongdoing, Lisa Monaco said at an industry compliance conference in Chicago. "Good companies, those that invest in strong compliance programs, will ...

The U.S. Justice Department will not pursue charges against companies that share when they find wrongdoing by businesses they are buying in a bid to encourage more self-disclosure, the Deputy... -October 04, 2023 at 04:39 pm EDT - MarketScreener