Elon Musk urged a federal judge to dismiss a U.S SEC lawsuit over his growing stake in Twitter in 2022, calling allegations that he cheated investors government overreach, Bloomberg’s Nicola White reports. The SEC alleged Musk blew the deadline to file a special form saying he had accumulated at least a 5% ownership stake in Twitter before launching his $44B takeover bid for the social media platform. By waiting too long, Musk cost Twitter shareholders more than $150M, the SEC said.
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