Gary Gensler, the outgoing head of the SEC, has green-lighted a lawsuit against Elon Musk as one of his last official acts in office, setting the stage for a messy court battle ahead. "The SEC filed a lawsuit against Elon Musk on Tuesday, alleging the billionaire committed securities fraud in 2022 by failing to disclose his ownership in Twitter and buying shares at “artificially low prices.”" - CNBC — Evan (@StockMKTNewz) January 14, 2025 As we've noted previously, Elon Musk only disclosed his initial 9.2 percent stake in Twitter - now rebranded as X - on the 04th of April 2022. As per […]
Read full article at wccftech.com/the-sec-levels-charges-against-elon-musk-asserts-his-failure-to-disclose-initial-stake-in-twitter-in-a-timely-manner-resulted-in-a-benefit-of-150-million/
Read More Details
Finally We wish PressBee provided you with enough information of ( The SEC Levels Charges Against Elon Musk, Asserts His Failure To Disclose Initial Stake In Twitter In A Timely Manner Resulted In A Benefit Of $150 Million )
Also on site :
- Tesla faces protests in Austin over Musk's robotaxi plans
- Tesla Shares Rise By 4% After NHTSA Letter Could Lead To Cybercab Approval In “Months”
- Intel’s Bartlett Lake Core 5 120F Specifications Leaked: 6 Performance Cores With Max Turbo Clock Of 4.5 GHz