Briefing

Elon Musk Sued by Shareholder Over Delay in Disclosing Twitter Stake

By
Shai Oster
· · Source: Reuters

A former Twitter shareholder is suing Elon Musk for delaying disclosure of his stake in the social media company. The proposed class action lawsuit says the former shareholders missed out on the rising share price after the stake was announced because Musk didn’t disclose his more than 9% stake within ten days, as required under federal law, Reuters said. Reuters said that former...

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