Get all your news in one place.
100's of premium titles.
One app.
Start reading
International Business Times
International Business Times
National
Vidhya Ck

SEC Vs. Musk: Summons Over Twitter Stock Lawsuit Sparks Drama At SpaceX HQ

SEC Elon Musk SpaceX Twitter Inc. Donald Trump Lawsuit United States Tesla Inc.
SEC’s lawsuit asserts that Musk’s failure to disclose his stock purchases within the required 10-day window allowed him to benefit unfairly from the timing of his subsequent acquisitions. (Credit: AFP)

Tech billionaire Elon Musk was served with a court summons last week related to a lawsuit filed by the U.S. Securities and Exchange Commission (SEC) over his alleged failure to disclose his Twitter stock purchases in 2022 before making an offer to acquire the company.

According to a filing on Thursday, the legal documents were delivered on March 14 to a security guard at Brownsville, Texas, headquarters of SpaceX, which is headed by Musk, reported Reuters.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Jamie Laing mistaken for One Tree Hill actor during US TV appearance
The former Made In Chelsea star, 37, is currently in Los Angeles with his wife, Sophie Habboo.
Evening Standard
Evening Standard
Lincoln’s 1864 signed photograph, found in an old desk, sells for $149,020
Some historical treasures spend decades behind glass, carefully catalogued and admired. Others wait quietly in forgotten corners of family homes, their significance hidden until an unexpected discovery brings the past back to life. A signed photograph of Abraham Lincoln followed the latter path, surviving for generations in a Massachusetts family…
The Times of India
The Times of India
Donald Trump's Golf Invitation Gets Brutal Rejection From Iron Maiden's Nicko McBrain Who Says His 'Cronies' Belong in Jail
Iron Maiden drummer Nicko McBrain says he rejected an invitation to play golf with Donald Trump and criticised the president and his administration in a new interview.
International Business Times UK
International Business Times UK
What’s Actually Made Fresh at the Grocery Store Bakery? The Answer May Surprise You
The smell of warm bread and cookies can make the grocery store bakery one of the hardest sections to walk past without buying something. Rows of golden rolls, frosted cupcakes, and fresh-looking pastries create the impression that bakers prepared everything that morning. Sometimes, that is true, but many supermarket bakeries…
Grocery Coupon Guide
Grocery Coupon Guide
Cyndi Lauper defends working with Nicki Minaj despite rapper’s support for Trump
Rapper has become one of the president’s most famous supporters
The Independent UK
The Independent UK
Doctors Were the Butt of 40% of Facebook Doctor Jokes, but the Most-Liked One Skewered a Lawyer
Researchers combed 30,075 Facebook posts for doctor jokes. Physicians were the usual target, but the most-liked punchline hit a lawyer.
Medical Daily
Medical Daily
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.
Download on the AppStore Get it on Google Play