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Elon Musk Faces US SEC Lawsuit for Securities Fraud in Twitter Deal

CoinGape LogoCoinGape12h ago

Elon Musk Faces US SEC Lawsuit for Securities Fraud in Twitter Deal - CoinGape

Quick Summary:

Securities and Exchange Commission (SEC) has filed a lawsuit against Elon Musk, accusing him of securities fraud linked to his 2022 acquisition of Twitter, now rebranded as X.

According to the pension fund, Musk’s actions impacted other shareholders’ choices and harmed them financially through the lawsuit he filed.That lawsuit, Rasella v.

Moreover, the agency has been called out severally for regulation by enforcement with recent lawsuit against Ripple moving forward as both parties submitted a stipulation while agreeing to file a deferred appendix.


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Article Details

Author / Journalist: Kelvin Munene Murithi

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-15 @ 06:03:25 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 629 words

Reading Time: 4 minutes read

Sentences: 36 lines

Sentence Length: 18 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 25170522

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About CoinGape

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Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 25 posts per day

Year Established: 2017

Headquarters: India

News Last Updated: 8 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #59

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The story "Elon Musk Faces US SEC Lawsuit for Securities Fraud in Twitter Deal" was covered 12 hours ago by CoinGape, a news publisher based in India.

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  • URL: https://beamstart.com/news/elon-musk-faces-us-sec-17369230593012

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