Elon Musk accused of breaking law while buying Twitter stock
The complaint accuses Mr Musk of violating a regulatory deadline to reveal he had accumulated a stake of at least 5.
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The complaint accuses Mr Musk of violating a regulatory deadline to reveal he had accumulated a stake of at least 5.
SAN FRANCISCO (AP) — Elon Musk’s huge Twitter investment took a new twist Tuesday with the filing of a lawsuit alleging that the colourful billionaire illegally delayed disclosing his stake in the so...
The complaint in New York federal court accuses Musk of violating a regulatory deadline to reveal he had accumulated a stake of at least 5 per cent. Instead, according to the complaint, Musk didn't disclose his position on Twitter until he'd almost doubled his stake to more than 9 per cent.
Elon Musk’s huge Twitter investment took a new twist Tuesday with the filing of a lawsuit alleging that the colorful billionaire illegally delayed disclosing...
The lawsuit claims Elon Musk's actions hurt less wealthy investors who sold shares in Twitter in the nearly two weeks before Musk acknowledged a major stake.