Elon Musk Served with Summons in SEC Lawsuit
Elon Musk is facing a lawsuit from the SEC for not disclosing his large stake in Twitter in a timely manner. A summons has been issued and served to a SpaceX security guard. The SEC claims Musk waited too long before revealing his substantial Twitter shares.
Elon Musk issued summons in SEC suit regarding Twitter stake disclosure- Reuters
The SEC has accused Musk of violating securities law by waiting too long to disclose a large stake in Twitter, which he had amassed before launching a takeover bid for the company in 2022. The SEC alleged that Musk waited for 11 days too long to disclose the stake, which was over 5% of Twitter’s shares.
Elon Musk, the world's richest man and a top adviser to U.S. President Donald Trump, was issued a summons in connection with ...
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