SEC Brings Suit Against Elon Musk for Failure to Report Twitter Ownership
JD Supra: Mergers
JANUARY 31, 2025
On January 14, 2025, the U.S. Securities and Exchange Commission (the SEC) sued Elon Musk over his 2022 acquisition of Twitter, Inc. stock and alleged failure to timely disclose a 5% ownership stake in Twitter, as required by federal securities laws.
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