US EditionUS SEC, Musk seek more time for billionaire to respond to SEC’s lawsuit
WASHINGTON, D.C., JUL 17 – The U.S. Securities and Exchange Commission accuses Elon Musk of delaying disclosure of his Twitter stake, seeking penalties and disgorgement of over $150 million, with response deadline now August 29.
- The Securities and Exchange Commission has agreed to give Elon Musk more time to respond to its lawsuit, which is now due by Aug. 29.
- The SEC's lawsuit contends that Musk violated securities law by failing to disclose that he had built an active stake in Twitter.
- The SEC aims to force Musk to pay a civil fine and surrender unearned profits.
- Musk's lawyers have denied wrongdoing, labeling the lawsuit a 'sham.
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US SEC, Musk seek more time for billionaire to respond to SEC's lawsuit
The U.S. Securities and Exchange Commission and Elon Musk have again agreed to give the billionaire more time to respond to the regulator's civil lawsuit accusing him of waiting too long in 2022 to reveal his large stake in Twitter.
·United Kingdom
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Elon Musk gets more time to respond to SEC suit over Twitter disclosure – DG Verifications & Stats
Elon Musk listens as US President-elect Donald Trump speaks during a House Republicans Conference meeting at the Hyatt Regency on Capitol Hill on November 13, 2024 in Washington, DC.Allison Robbert | Getty Images The Securities and Exchange Commission has agreed to give Elon Musk more time to respond to its lawsuit over his alleged failure to properly disclose purchases of Twitter stock before bidding to buy the company. In a motion filed Thursd…
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Total News Sources9
Leaning Left2Leaning Right0Center6Last UpdatedBias Distribution75% Center
Bias Distribution
- 75% of the sources are Center
75% Center
L 25%
C 75%
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