Elon Musk saved $143 million by reporting Twitter stake late, shareholder suit claims
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Photo caption: Tesla CEO Elon Musk introduces the Cybertruck at Tesla’s design studio. Photo credit: Ringo H.W. Chiu / AP. Article by Bobby Allyn. NPR – April 12, 2022.
A Twitter shareholder on Tuesday filed a securities fraud lawsuit against Elon Musk, alleging that the billionaire Tesla CEO’s late disclosure of his stake in Twitter cost shareholders money and saved Musk around $143 million.
Marc Bain Rasella filed the suit and seeks to represent all investors who sold Twitter stock between March 24 and April 1. He argues that […]
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