# Elon Musk saved $143 million by reporting Twitter stake late, shareholder suit claims

- Link: https://www.widthness.com/elon-musk-saved-143-million-by-reporting-twitter-stake-late-shareholder-suit-claims/
- Published: 2022-04-13T09:00:43-05:00
- Author: Curated by John Wysocki

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 […] Click here to view original web page at www.npr.org