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Di US Stock Exchange Police don sue Elon Musk sake of how e take buy Twitter for 2022
Di US Securities and Exchange Commission (SEC) don announce on Tuesday say dem don file lawsuit against billionaire Elon Musk say e break federal law wen e dey acquire Twitter. Dem accuse am say e no inform dem "for right time" say e don buy shares for di company for 2022 before e take am over completely.
Di US Stock Exchange Police don sue Elon Musk sake of how e take buy Twitter for 2022
Di billionaire get questions to ansa according to authorities / DPA
15 Jenuwari 2025

Di case wey di US Securities and Exchange Commission (SEC) carry go court talk say "di accused, Elon Musk, no quick tell SEC say im don buy more than 5% of Twitter shares wey dem dey trade for market since March 2022. Dis one na violation of di federal securities law."

Dem talk say dis violation "allow am buy di shares for price wey no high artificially." Dem explain say dis thing help Musk "dodge to pay at least $150 million for di shares wey im buy after di deadline to declare im beneficial ownership" for Twitter, di company wey im later change di name to "X."

SEC don file case against Musk for October 2024 to force am make im testify for di investigation wey dem dey do about how im take buy Twitter.

Di American billionaire no show for di questioning session even though dem don shift di date many times. But im lawyer, Alex Spiro, talk say dem don collect im testimony "plenty times for dis investigation wey e call misleading."

For April 25, 2022, Twitter board agree to Elon Musk offer to buy di platform for $44 billion. After im buy di platform, Musk change di company name to "X Corp" for April 2023.

DI SOURCE:TRT Global
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