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“In total, Musk underpaid Twitter investors by more ... “Investors who sold Twitter common stock during this period did so at artificially low prices and thus suffered substantial economic ...

Twitter's stock price rose 27 percent once Musk belatedly disclosed his stake, the lawsuit said. "During the period that Musk was required to publicly disclose his beneficial ownership but had ...

The agency claimed that investors and the “unsuspecting public” who sold Twitter stock during that period did so “at artificially low prices,” which led them to suffer “substantial ...

The SEC has sued billionaire X owner Elon Musk, alleging he failed to disclose his ownership of Twitter stock in a timely manner in 2022.

The financial regulator wants Musk to pay a civil penalty and remedies over alleged “unjust enrichment” ahead of his 2022 purchase of the social network.

Once Musk did report his purchase, Twitter's stock price skyrocketed, pushing the value of Musk's shares up to $2.89 billion. Twitter's stock ended the day 27 percent higher than the previous day ...

The SEC sued Elon Musk, accusing the X owner of failing to properly disclose his purchases of Twitter stock in 2022.

Investors who sold Twitter common stock during this period did so at artificially low prices and thus suffered substantial economic harm.” Moreover, the suit alleges, Musk and his ...