💨 Abstract

The U.S. Securities and Exchange Commission (SEC) filed a lawsuit against Elon Musk on Tuesday, alleging that Musk failed to disclose his purchase of more than 5% of Twitter's common stock in March 2022. The SEC claims the delay allowed Musk to buy Twitter shares at artificially low prices, resulting in an underpayment of at least $150 million.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖