SEC vs. Elon Musk, What the Twitter Disclosure Lawsuit Is About and Where It Stands
The U.S. Securities and Exchange Commission sued Elon Musk on January 14, 2025, accusing the world’s richest person of violating federal securities law by waiting 11 days too long to disclose he had quietly accumulated more than 5% of Twitter’s stock in 2022. The SEC says that delay let Musk buy an additional $500 million…
