Tuesday, April 12, 2022

https://ift.tt/UXuLpZ8 Musk saved $143 million by reporting Twitter stake late, shareholder suit claims

Tesla CEO Elon Musk introduces the Cybertruck at Tesla

The lawsuit claims Musk waited 11 days to disclose his stake in the company, alleging that the delay saved the billionaire money and cost shareholders. The suit argues Musk violated securities law.

(Image credit: Ringo H.W. Chiu/AP)

Elon Musk saved $143 million by reporting Twitter stake late, shareholder suit claimsTesla CEO Elon Musk introduces the Cybertruck at Tesla

The lawsuit claims Musk waited 11 days to disclose his stake in the company, alleging that the delay saved the billionaire money and cost shareholders. The suit argues Musk violated securities law.

(Image credit: Ringo H.W. Chiu/AP)



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