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US SEC, Musk seek more time for billionaire to respond to SEC’s lawsuit
WASHINGTON, D.C., JUL 17 – The U.S. Securities and Exchange Commission accuses Elon Musk of delaying disclosure of his Twitter stake, seeking penalties and disgorgement of over $150 million, with response deadline now August 29.
- The Securities and Exchange Commission has agreed to give Elon Musk more time to respond to its lawsuit, which is now due by Aug. 29.
- The SEC's lawsuit contends that Musk violated securities law by failing to disclose that he had built an active stake in Twitter.
- The SEC aims to force Musk to pay a civil fine and surrender unearned profits.
- Musk's lawyers have denied wrongdoing, labeling the lawsuit a 'sham.
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11 Articles
US SEC, Musk seek more time for billionaire to respond to SEC's lawsuit
The U.S. Securities and Exchange Commission and Elon Musk have again agreed to give the billionaire more time to respond to the regulator's civil lawsuit accusing him of waiting too long in 2022 to reveal his large stake in Twitter.
·United Kingdom
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Elon Musk, other African-born billionaires make Forbes’ list of America’s Richest Immigrants - The Zambian Observer
Forbes’ latest list of America’s Richest Immigrants shows that a record 125 foreign-born U.S. citizens are billionaires living in the United States. They come from 41 countries but became rich in America. These 125 immigrants (an increase from 92 in 2022) account for 14% of all U.S.-based billionaires and hold 18% of of America’s $7.2 […] The post Elon Musk, other African-born billionaires make Forbes’ list of America’s Richest Immigrants first …
·Zambia
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Total News Sources11
Leaning Left3Leaning Right0Center6Last UpdatedBias Distribution67% Center
Bias Distribution
- 67% of the sources are Center
67% Center
L 33%
C 67%
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