{"id":918326,"date":"2025-03-31T09:37:17","date_gmt":"2025-03-31T04:07:17","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=918326"},"modified":"2025-03-31T09:53:59","modified_gmt":"2025-03-31T04:23:59","slug":"musk-loses-bid-to-thwart-investor-suit-over-twitter-purchase","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2025\/03\/31\/musk-loses-bid-to-thwart-investor-suit-over-twitter-purchase\/","title":{"rendered":"Musk Loses Bid to Thwart Investor Suit Over Twitter Purchase"},"content":{"rendered":"<p>Elon Musk failed to fend off an investor lawsuit claiming he manipulated the stock price of Twitter Inc. months before he bought the company in 2022 by concealing how much stock he\u2019d acquired. <\/p>\n<p>A Manhattan federal judge on Friday said investors can move forward with claims that Musk committed securities fraud by failing to make timely disclosures to the US Securities and Exchange Commission, posting \u201cmisleading tweets about Twitter\u2019s future\u201d and carrying out \u201ca coordinated trading strategy to silently build up\u201d his position in the social media company.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Elon Musk failed to fend off an investor lawsuit claiming he manipulated the stock price of Twitter Inc. months before he bought the company in 2022 by concealing how much stock he\u2019d acquired. A Manhattan federal judge on Friday said investors can move forward with claims that Musk committed securities fraud by failing to make timely disclosures to the US Securities and Exchange Commission, posting \u201cmisleading tweets about Twitter\u2019s future\u201d and carrying out \u201ca coordinated trading strategy to silently build up\u201d his position in the social media company.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[55,13,4],"tags":[],"class_list":["post-918326","post","type-post","status-publish","format-standard","hentry","category-it-2-live-mint","category-live-mint","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/918326","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=918326"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/918326\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=918326"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=918326"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=918326"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}