US SEC and Elon Musk agree on timeline for Musk to respond to lawsuit

From Yahoo Finance: 2025-03-31 13:42:00

The U.S. SEC and Elon Musk set a date for Musk to respond to a lawsuit filed in January. The SEC sued Musk before Trump took office. The regulator accused Musk of waiting too long to disclose his large stake in Twitter. Musk agreed to respond by June 6 to avoid further dispute.

No immediate response from the SEC, Musk, or his lawyer regarding the lawsuit. Musk waived service and will answer the SEC’s complaint by June 6. The regulator accused Musk of not disclosing his stake in Twitter in 2022. Musk has contested the validity of the SEC’s filing of service.

Read more: US SEC, Musk agree to timeline for billionaire to respond to lawsuit, filing says