Musk vs SEC: The Twitter Takeover Legal Fight

Elon Musk fights back against SEC accusations that his late disclosure of a major Twitter stake cost shareholders $150M. Musk's lawyers deny intentional harm, calling the lawsuit government overreach and a waste of resources. The SEC alleges Musk's 11-day delay allowed him to quietly amass shares, gaining an unfair advantage before Twitter's stock spiked 27%. The legal battle intensifies with accusations of political motivation and Musk's team alleging SEC harassment. Hosted on Acast. See acast.com/privacy for more information.