A lawsuit alleges Elon Musk illegally delayed disclosing his stake in Twitter so he could buy more shares at lower prices.
SAN FRANCISCO — Elon Musk’s huge Twitter investment took a new twist Tuesday with the filing of a lawsuit alleging that the colorful billionaire illegally delayed disclosing his stake in the social media company so he could buy more shares at lower prices.
The lawsuit alleges that by March 14, Musk’s stake in Twitter had reached a 5% threshold that required him to publicly disclose his holdings under U.S. securities law by March 24. Musk didn’t make the required disclosure until April 4. The lawsuit is seeking to be certified as a class action representing Twitter shareholders who sold shares between March 24 and April 4, a process that could take a year or more.Musk spent about $2.6 billion on Twitter stock — a fraction of his estimated wealth of $265 billion, the largest individual fortune in the world. In a regulatory filing Monday, Musk disclosed he may increase his stake after backing out of an agreement reached last week to join Twitter’s board of directors.
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
Elon Musk is hit with a class action lawsuit over his Twitter investment | EngadgetElon Musk has only been Twitter’s largest shareholder for a few weeks, but he’s already facing a class action lawsuit over his handling of the investment..
続きを読む »
Lawsuit accuses Elon Musk of breaking law while buying Twitter stockElon Musk's huge Twitter investment took a new twist Tuesday with the filing of a lawsuit alleging that the colorful billionaire illegally delayed disclosing his big stake in the social media company so he could buy more shares at lower prices.
続きを読む »
Elon Musk allegedly broke law while buying Twitter stock, claims lawsuitMusk spent about $2.6 billion on Twitter stock — a fraction of his estimated wealth of $265 billion, the largest individual fortune in the world. In a regulatory filing Monday, Musk disclosed he may increase his stake after backing out of an agreement reached last week to join Twitter’s board of directors.
続きを読む »
Elon Musk sued by investor over delay in disclosing his Twitter stakeA shareholder lawsuit accuses Elon Musk of violating SEC reporting guidelines in order to keep Twitter's price artificially low while he was building up his stake.
続きを読む »
Twitter CEO Says Elon Musk Will Not Join BoardElon Musk will not join Twitter’s board of directors nearly a week after a filing revealed the technology entrepreneur took a 9.2% stake in the $37 billion company. By shauryamalwa
続きを読む »
Dogecoin Fan Elon Musk Decides Not to Join Twitter BoardTesla CEO Elon Musk has backed out of joining the board of Twitter
続きを読む »