August 13, 2024
A pension fund has fired back at Elon Musk's bid to dismiss the rest of its amended proposed securities fraud class action in New York federal court that alleges the X Corp. CEO covertly bought more than 5% of Twitter's stocks to save more than $143 million before announcing his intent to buy the social media platform.
May 30, 2024
Elon Musk and his wealth manager tapped Morgan Stanley to help the Tesla CEO quietly acquire billions of dollars in Twitter securities without tipping off the market before he announced plans to take over the social media company, according to an amended complaint filed in New York federal court.
October 02, 2023
A New York federal judge tossed an insider-trading claim against Elon Musk on Friday but said he must face the rest of a securities fraud investor suit alleging that he covertly bought more than 5% of Twitter's stock to save $200 million before announcing his intent to buy the platform.
January 31, 2023
Tesla CEO Elon Musk urged a New York federal judge Monday to toss a proposed securities class action alleging he covertly bought more than 5% of Twitter's stock to save more than $143 million before announcing his intent to buy the platform, arguing the investors' claims "have no legal basis."
September 06, 2022
Bernstein Litowitz Berger & Grossmann LLP has been appointed lead counsel in a proposed New York securities class action accusing Tesla CEO Elon Musk of covertly buying more than 5% of Twitter's stock to save himself more than $143 million before announcing his intent to buy the platform.
April 12, 2022
Before Elon Musk caused Twitter's stock price to soar by announcing that he'd bought up 9.1% of its shares, he quietly acquired more than 5% of the social media giant, a move that should have been reported — and one that saved Musk $143 million, a Twitter investor alleged Tuesday.