The 11th-hour lawsuit accused Musk of failing to disclose his stake in Twitter in a timely manner as he attempted to buy the company in 2022.
The SEC sued Elon Musk, accusing him of failing to file a beneficial owner report within ten days of acquiring 5% of outstanding Twitter common stock on March 14, 2022, as required by Section 13(d) of the Exchange Act.
Musk instead filed the report 11 days late on April
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