Judge Allows Class Action Over Elon Musk's Delayed Twitter Stake Disclosure
A federal judge in Manhattan has permitted former Twitter investors to proceed with a class action alleging Elon Musk delayed disclosing his initial stake in the company, potentially exposing him to larger damages. Plaintiffs contend Musk violated SEC timing rules by failing to reveal a 5% ownership threshold on March 24, 2022 and instead disclosed…