The U.S. Securities and Exchange Commission has given Elon Musk six more weeks to respond to its civil lawsuit accusing the ...

The SEC’s lawsuit centres on the allegation that Musk breached regulations by delaying his disclosure of surpassing the 5% ownership threshold in Twitter shares by 11 days. According to the SEC ...

MORE: Elon Musk shares letter saying SEC sent him 'settlement demand' regarding his purchase of Twitter In its lawsuit filed Tuesday, the SEC accused Musk of misleading shareholders as he began to ...

Sean O'Driscoll is a Newsweek Senior Crime and Courts Reporter based in Ireland. His focus is reporting on U.S. law. He has covered human rights and extremism extensively. Sean joined Newsweek in ...

In a letter Musk posted last month to X — the new name for Twitter — his attorney Alex Spiro appeared to claim the matter was politically motivated. Spiro took aim at the SEC’s lawsuit in a ...

Investors who filed the lawsuit said Musk and his wealth manager Jared Birchall knew that an SEC rule required Musk to disclose that he had acquired more than 5% of Twitter's stock by March 24 ...

The Securities and Exchange Commission took a parting shot at Musk late Tuesday with a lawsuit related to his $44 billion purchase of Twitter, the social media company that is now known as X.

The Tesla and SpaceX CEO acquired Twitter for $44 billion in October 2022 and rebranded it as X. Musk ... lawsuit, but Trump has tapped pro-business Paul Atkins, who previously served as SEC ...

The Securities and Exchange Commission on Tuesday filed a lawsuit against Elon Musk, alleging the X owner misled shareholders about his Twitter stock purchases in 2022. The suit alleges Musk ...

The lawsuit was filed in the waning ... it also relates to all of Musk's purchases of Twitter stock in 2022 and his 2022 statements and SEC filings." Musk's lawyer said last month that the SEC ...

Before it filed the lawsuit, the SEC went to court in an attempt to compel Musk to testify as part of an investigation into his purchase of Twitter. The SEC’s current chair, Gary Gensler ...

According to the SEC, Musk’s delayed disclosure in ... saving him $150 million on his Twitter acquisition. Why It Matters: The lawsuit against Musk is tied to his acquisition of social media ...