Elon Musk loses bid to dismiss SEC lawsuit over – Business News
A federal choose on Tuesday rejected Elon Musk’s bid to dismiss a Securities and Exchange Commission lawsuit claiming he waited too long to disclose his purchases of Twitter shares in 2022.
Elon Musk was sued by Wall Street regulators over his late disclosure of his purchases of Twitter shares in 2022 AP
US District Judge Sparkle Sooknanan in Washington, DC, stated Musk’s arguments, together with that the SEC overreached so as to punish him for criticizing it, didn’t warrant dismissal.
This is a developing story. Please examine back for updates.
