{"id":958633,"date":"2025-08-30T09:29:14","date_gmt":"2025-08-30T03:59:14","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=958633"},"modified":"2025-08-30T09:45:30","modified_gmt":"2025-08-30T04:15:30","slug":"elon-musk-seeks-dismissal-of-secs-lawsuit-regarding-his-2022-twitter-stake","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2025\/08\/30\/elon-musk-seeks-dismissal-of-secs-lawsuit-regarding-his-2022-twitter-stake\/","title":{"rendered":"Elon Musk seeks dismissal of SEC&#8217;s lawsuit regarding his 2022 Twitter stake"},"content":{"rendered":"<p>Billionaire Elon Musk filed a motion on Thursday to dismiss the U.S. Securities and Exchange Commission&#8217;s (SEC) civil lawsuit that accused him of waiting too long in 2022 to reveal his large stake in social media platform Twitter, later renamed as X.<\/p>\n<p>In a complaint filed in Washington, D.C. federal court in January, the SEC said Musk violated federal securities law by waiting 11 days too long to disclose his initial purchase of 5% of Twitter&#8217;s common shares. It sought to force Musk to pay a civil fine and give up profits that the SEC said were a result of the violations.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Billionaire Elon Musk filed a motion on Thursday to dismiss the U.S. Securities and Exchange Commission&#8217;s (SEC) civil lawsuit that accused him of waiting too long in 2022 to reveal his large stake in social media platform Twitter, later renamed as X. In a complaint filed in Washington, D.C. federal court in January, the SEC said Musk violated federal securities law by waiting 11 days too long to disclose his initial purchase of 5% of Twitter&#8217;s common shares. It sought to force Musk to pay a civil fine and give up profits that the SEC said were a result of [&hellip;]<\/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":[59,4,10],"tags":[],"class_list":["post-958633","post","type-post","status-publish","format-standard","hentry","category-it-2-the-economic-times","category-newspapers","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/958633","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=958633"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/958633\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=958633"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=958633"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=958633"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}