Elon Musk underpaid Twitter acquisition by $150M by not …
3 days ago · The SEC alleged that Musk violated federal securities laws when he amassed more than $500 million in shares of Twitter -- later renamed X -- without properly disclosing his stake in the company ...
SEC sues Elon Musk, saying he didn't disclose Twitter ownership …
3 days ago · “As the SEC retreats and leaves office — the SEC’s multi-year campaign of harassment against Mr. Musk culminated in the filing of a single-count ticky tack complaint against Mr. Musk under Section 13(d) for an alleged administrative failure to file a single form — an offense that, even if proven, carries a nominal penalty,” Spiro added.
SEC sues Elon Musk, accusing him of withholding info that cost Twitter …
3 days ago · The SEC has sued billionaire X owner Elon Musk, alleging he failed to disclose his ownership of Twitter stock in a timely manner in 2022.
S.E.C. Sues Elon Musk Over Twitter-Related Securities Violations
3 days ago · The S.E.C. contends that in buying Twitter in 2022, Mr. Musk violated securities laws by amassing a large stock position in the social media company without filing the proper notification.
SEC Sues Elon Musk for Failure to Disclose Growing Twitter Stake ...
3 days ago · Elon Musk cheated Twitter shareholders out of more than $150 million by waiting too long to disclose his growing stake in the company as he prepared a takeover bid, the US Securities and Exchange ...
US SEC sues Elon Musk over late disclosure of Twitter stake
3 days ago · In a complaint filed in Washington, D.C. federal court, the SEC said Musk violated federal securities law by waiting 11 days too long to disclose his initial purchase of 5% of Twitter's common shares.
EX-99.1 - SEC.gov
SAN FRANCISCO, April 25, 2022 /PRNewswire/ — Twitter, Inc. (NYSE: TWTR) today announced that it has entered into a definitive agreement to be acquired by an entity wholly owned by Elon Musk, for $54.20 per share in cash in a transaction valued at approximately $44 billion.
EX-99.1 - SEC.gov
Sep 13, 2022 · Twitter Stockholders Approve Acquisition by Elon Musk . SAN FRANCISCO - Twitter, Inc. (NYSE: TWTR) today announced that its stockholders have approved the previously announced merger agreement for Twitter to be acquired by affiliates of …
SEC Charges Eight Social Media Influencers in $100 Million Stock ...
Dec 14, 2022 · The Securities and Exchange Commission today announced charges against eight individuals in a $100 million securities fraud scheme in which they used the social media platforms Twitter and Discord to manipulate exchange-traded stocks.
SEC Sues Elon Musk Over Twitter Stock Buys, Escalating Long …
The SEC’s lawsuit, filed in federal court in the District of Columbia, says Musk’s delayed disclosure of his ownership allowed him to save more than $150 million on buying Twitter stock ...