Updated on: January 14, 2025 / 7:55 PM EST
/ CBS News
The Securities and Exchange Commission on Tuesday filed a lawsuit against Elon Musk, alleging the X owner misled shareholders about his Twitter stock purchases in 2022.
The suit alleges Musk violated federal securities laws, enabling him to purchase shares of Twitter at artificially low prices before his $44 billion takeover of the social media site. Musk has called the SEC “just another weaponized […]
SEC sues Elon Musk, accusing him of withholding info that cost Twitter investors millions