Friday, July 5, 2024

Elon Musk suggests late Twitter disclosure was a mistake, seeks to end lawsuit

Elon Musk seeks to dismiss lawsuit from former Twitter shareholders over delayed stake disclosure. Shareholders claim he saved $200 million by waiting to reveal his 9.2% ownership. Musk denies fraud allegations, stating it was a mistake. SEC also looked into his Twitter stock purchases. Lawsuit led by Oklahoma pension fund.

from Tech-Economic Times
via IFTTT

No comments:

Post a Comment