Reported about 7 hours ago
The SEC has filed a lawsuit against Elon Musk, accusing him of misleading Twitter investors and costing them over $150 million by delaying the disclosure of his significant stake in the company while preparing for a takeover. The complaint alleges that Musk failed to report acquiring more than 5% of Twitter's shares in early 2022, allowing him to buy stock at artificially low prices. Musk's lawyer claims the SEC's actions are unfounded and represent an ongoing campaign against him.
Source: YAHOO