Musk started to acquire shares of Twitter beginning in January. Four months later, he had acquired more than a 5 percent ownership stake.
Musk instead continued to amass Twitter shares. He waited until April 4 after acquiring 9.1 percent of the company before filing the required disclosures. The lawsuit claims a violation of a federal securities law, specifically a provision that requires disclosure when an investor buys at least 5 percent of a company. It seeks to represent investors who sold stock between March 24 and April 1.
He spaced out and forgot.
I always depend on the Hollywood reporter for my legitimate financial based litigation
Sued for 143 million… OMG what’s he going to do? 😂😂😂
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