SEC sues Elon Musk, alleging failure to properly disclose Twitter ownership

Shaquille O'Neal's Involvement in X's Profit Revealed Amid Elon Musk's Legal Trouble

The ‘Big Aristotle’ has always been a trailblazer, whether in sports or business. Be it his power dunks forcing the NBA to create new rules or being named Player of the Week in his first week, Shaquille O’Neal is a legend! On the business side of the NBA, the big guy is also one of the trendsetters. He wasn’t afraid or hesitant to try and embrace new things, such as the thriving technology back in the ’90s. His ambitions might have led to signif…

Gensler's Weaponized SEC Threatens & Tries to Extort Musk Again

The SEC is suing Elon Musk for failing to disclose his purchase of more than 5% of Twitter before the legal deadline. They claim it allowed him to keep purchasing at a discounted price. However, everyone knew at the time that he overpaid. It was overpriced and had slews of fake or duplicate posters. Mr. […] The post Gensler’s Weaponized SEC Threatens & Tries to Extort Musk Again appeared first on www.independentsentinel.com.

The SEC opened a lawsuit three years after the events: it deceived the shareholders. But he risks an own goal

Elon Musk sued by US markets watchdog over buying Twitter shares at artificially low prices

The US Securities and Exchange Commission (SEC) has filed a lawsuit against Elon Musk, alleging he failed to properly disclose his ownership of Twitter shares in 2022, allowing him to purchase stock at "artificially low prices".The markets watchdog claims Musk underpaid other shareholders by at least $150million when acquiring shares before his eventual $44billion takeover of the social media platform.The lawsuit, filed in a Washington DC federa…

SEC Sues Elon Musk over Undisclosed Twitter Stock Acquisition - Real News Now

On Tuesday, a lawsuit was filed by the Securities and Exchange Commission (SEC) against techno-industrial mogul Elon Musk. This legal action argues that Musk, the newfound owner of X, fell short of adequately disclosing his accumulation of Twitter shares ahead of his 2022 takeover. The lawsuit, lodged in a federal courthouse situated in Washington, D.C., insists Musk was obligated to share a ‘beneficial ownership’ form with the SEC, revealing hi…

SEC Files Lawsuit Over Elon Musk's 2022 Acquisition of Twitter Stock - Legal Reader

The Securities and Exchange Commission has filed a lawsuit against Elon Musk, claiming that the multibillionaire violated federal law by failing to disclose the acquisition of Twitter stock.