From Yahoo Finance: 2025-06-05 13:29:00

The U.S. SEC extends Elon Musk’s deadline to respond to lawsuit over delayed Twitter stake disclosure. Musk now has until July 18 to reply instead of June 6, as agreed upon by both parties. The SEC claims Musk’s late disclosure allowed him to buy $500 million of shares at low prices, harming investors. The lawsuit seeks fines and return of undeserved profits.



Read more at Yahoo Finance: Elon Musk gets more time to respond to US SEC lawsuit over Twitter stake