Get the latest tech news

US markets watchdog sues Musk over Twitter stake disclosure

The complaint filed to a US federal court alleges Musk saved $150m at the expense of Twitter shareholders.

Complaint filed to a US federal court alleges Musk saved $150m at the expense of Twitter shareholders The US markets watchdog has filed a lawsuit against Elon Musk alleging he failed to disclose that he had amassed a stake in Twitter, allowing him to buy shares at "artificially low prices." The Securities and Exchange Commission (SEC) lawsuit alleges that the multi-billionaire Tesla boss saved $150m (£123m) in share purchases as a result.

Get the Android app