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US Judge Denies Musk’s Bid to Dismiss SEC Lawsuit Over Twitter Stake Disclosure

US Judge Denies Musk’s Bid to Dismiss SEC Lawsuit Over Twitter Stake Disclosure

Author:

Global Cryptocurrency

Published:

2026-02-04 02:43:02

17

1

BTCCSquare news:

A federal judge rejected Elon Musk's attempt to dismiss an SEC lawsuit alleging he delayed disclosing his Twitter stake acquisitions in 2022. US District Judge Sparkle Sooknanan ruled Musk's arguments—including claims of unfair targeting and free speech violations—didn't provide legal grounds for dismissal.

The SEC's January 2025 complaint contends Musk strategically postponed filings to buy shares at depressed prices before his $44 billion Twitter takeover. Legal observers note the case tests disclosure rules for high-profile investors, with potential ramifications for market transparency.

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