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SEC Sues Elon Musk Over Delayed Twitter Ownership Disclosure
Jan 14, 2025, 11:15 PM
The U.S. Securities and Exchange Commission (SEC) has filed a lawsuit against Elon Musk in federal court over alleged securities violations, according to multiple reports citing a court docket. The SEC alleges that Musk failed to timely file his beneficial ownership report after purchasing more than 5% of Twitter shares during his acquisition of the company, filing 11 days late. The details of the lawsuit have not been fully disclosed.
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