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As a result, the SEC alleges, Musk was able to underpay “by at least $150 million” for shares he bought after he should have disclosed his ownership of more than 5% of Twitter’s shares.

Elon Musk is being sued by the U.S. Securities and Exchange Commission over his 2022 Twitter takeover. The agency alleges ...

According to the suit, Musk failed to properly disclose his stock position in Twitter prior to his acquisition, allowing him to continue buying shares at "artificially lower prices." ...

The U.S. Securities and Exchange Commission sued Elon Musk on Tuesday, alleging failure to timely disclose that he bought more than 5% of Twitter's stock in 2022 before he took ...

Elon Musk, the world's wealthiest person and the apparent right-hand man of incoming U.S. president Donald Trump, has been ...

At market close on that day, Twitter's stock price increased 27% compared to the prior day's close. The SEC alleges that between March 22 and April 4, Musk purchased more than $500M additional ...