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Elon Musk Summoned Over $150M Twitter Stock Disclosure

3/21/2025

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Summary

Story summary

Elon Musk faces a court summons linked to an SEC lawsuit over undisclosed Twitter stock purchases before his 2022 bid.
The summons was issued on March 14 at SpaceX in Texas, but security guards declined to accept it.
His delayed disclosure reportedly resulted in a $150 million underpayment.
Musk must respond by April 4, either by answering or requesting dismissal.
In 2018, he settled SEC charges, paying $20 million and resigning as Tesla's chairman.

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Story summary

Elon Musk faces a court summons linked to an SEC lawsuit over undisclosed Twitter stock purchases before his 2022 bid.
The summons was issued on March 14 at SpaceX in Texas, but security guards declined to accept it.
His delayed disclosure reportedly resulted in a $150 million underpayment.
Musk must respond by April 4, either by answering or requesting dismissal.
In 2018, he settled SEC charges, paying $20 million and resigning as Tesla's chairman.