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1 day ago · The idea that Musk "engaged in intentional securities fraud in order to save $200 million is illogical in light of Musk’s eventual $44 billion purchase of Twitter," Musk's court filing said. "It ...
1 day ago · Tesla Inc. Follow. NEW YORK, July 5 (Reuters) - Elon Musk wants to dismiss a lawsuit by former Twitter shareholders who said he waited too long in early 2022 to reveal his large ownership stake in ...
17 hours ago · Musk has requested that the lawsuit be dismissed and has refuted allegations of fraud in his filing. Musk Denies Fraud Intent, Accused of Misleading Twitter Investors in $2.6 Billion Stake Acquisition
22 hours ago · On March 14th, Musk bought roughly 42 million Twitter shares, allowing him to control more than 5% of the company. This triggered a ten day window mandated by SEC's laws that required Musk to ...
2 days ago · On April 25, 2022, Twitter agreed to a $44 billion buyout by Elon Musk, CEO of SpaceX and Tesla, one of the biggest deals to turn a company private. [11] [12] On July 8, Musk terminated the deal. [13] . Twitter's shares fell, [14] leading company officials to sue Musk in Delaware's Court of Chancery on July 12. [15] .
1 day ago · Elon Musk has asked a federal judge in New York to dismiss a lawsuit brought by shareholders in Twitter, the platform now known as X, arguing that the delayed disclosure of his stake in the social ...
1 day ago · Musk bought Twitter in 2022 for $44 billion, after later trying to back out of the deal. He owns an estimated 74% of the company, now called X. Forbes estimates that Musk's stake in X is now...
