14 Jan 2025
SEC sues Musk over late stake disclosure
The SEC sued Musk, alleging he failed to timely report his more than 5 percent Twitter stake in 2022 and saved at least $150 million at the expense of Twitter shareholders.
Sources and context
- SEC Files Complaint Against Elon Musk for Violating Beneficial Ownership Reporting Requirements (LR-26219)Source · US Securities and Exchange Commission