Biden’s Securities and Exchange Commission (SEC) on Tuesday filed a lawsuit against Elon Musk over his 2022 purchase of Twitter.
In October 2022 Elon Musk officially closed the deal to purchase Twitter for $54.20 per share – or about $44 billion.
According to the SEC, Elon Musk allegedly failed to properly disclose his 5% Twitter stock purchase in 2022 in the months leading up to his purchase of the platform.
The SEC claimed because Elon Musk purchased the stock at “artificially low prices,” he underpaid investors by $150 million.
“Musk paid significantly less for the shares of Twitter common stock he purchased between March 25, 2022 and April 1, 2022 than if he had timely disclosed,” the lawsuit said, according to CNN.
Read Full Article Here
JUST IN: Biden SEC Sues Elon Musk Over Twitter Stock Purchase, Accuses Him of Underpaying Investors by More Than $150 Million
- by: Cristina Laila
- 01.14.25
- Source:
The Gateway Pundit
- 01/15/2025
Elon Musk by Dan Taylor is licensed under flickr http://www.heisenbergmedia.com
Elon Musk by Dan Taylor is licensed under flickr http://www.heisenbergmedia.com
Follow us
Read our latest news on any of these social networks!
Get latest news delivered daily!
We will send you breaking news right to your inbox
Have a tip? Let us know!
Recent Articles
- Source:
CBS News
- 07/29/2025
Russian strikes kill at least 22 in Ukraine, officials say, as Moscow stays defiant vs. Trump deadline
Russian glide bombs and ballistic missiles struck a Ukrainian prison and a medical facility overnight and killed at least 22 people across the country, officials said Tuesday, as Russia kept up its relentless pounding of civilian areas despite despite President Trump's threat to punish Russia with sanctions and tariffs soon unless it stops.
- by: Craig Paton
- Source:
Independent
- 07/29/2025
Trump hits out at ‘ugly monster’ wind farms as he backs oil and gas
US President Donald Trump has branded wind turbines “ugly monsters” as he backed North Sea oil and gas.
- by: Alexander Hall
- Source:
FOX Business
- 07/29/2025
JD Vance calls out Big Tech for firing Americans while hiring cheap foreign H-1B visa replacements
Vice President JD Vance blasted Big Tech companies for firing American workers and then claiming they need visas for foreign labor Wednesday.
- by: Nicholas Ballasy
- Source:
Just the News
- 07/28/2025
Trump scores trade deal with EU featuring 15% tariffs, billions in U.S. energy exports
President Donald Trump met with European Commission President Ursula von der Leyen on Sunday to discuss trade and other issues.