Elon Musk Sued by Twitter Investors Over Late Disclosure
Techdirt. 2022-04-12
Summary:
Twitter investors who sold their shares in the 11 days that Elon Musk was late in notifying financial regulators that he’d acquired a considerable stake in the company have sued the Tesla CEO. They claim that Musk’s omission saved him roughly $143 million, while they missed out on significant profits when Twitter shares skyrocketed in […]