Musk asks to drop a lawsuit over the disclosure of his share on Twitter

Elon Musk asked a federal judge to drop a lawsuit filed against him by the US Securities and Exchange Commission on the growth of his share in Twitter during the year 2022, describing the accusations that he had misled investors as the government interfered. The regulatory body of the street accused MUSK of postponing the final deadline to give a special disclosure model that he acquired a stake of no less than 5% of the “X currently) before giving his $ 44 billion bid to get the platform. The commission does not claim that Mr. Muskless is intentional, intent, or with a clear, with a clean, even with an advertising. It also does not claim that he has done investors any damage, “said Thursday night in a legal memorandum.” There is no bad intention. There is no damage. Simply put, this lawsuit is a waste of court time and taxpayer money, “they added. Twitter investors were affected and the US securities and the exchange commission filed a lawsuit against Elon Musk, a few days before President Donald was officially installed. “X” by buying 15 million dollars after Trump’s arrival at the White House accepted the oversight of a wide restructuring process for federal agencies, before publicly leaving his relationship with the president, to leave the Master of Washington. not. The billionaire over a large share on ‘Twitter’ would have led to a step if it was announced in time, if the investors who sold their shares during that period. Exchange Commission responded for years to the launch of a systematic campaign against his client, pointing out that the charges against him only ask for a symbolic fine. They added, “To force Mr Musk to litigate in this judicial section, the damages will only worsen for years.”