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US SEC, Musk seek more time for billionaire to respond to SEC's lawsuit

US SEC, Musk seek more time for billionaire to respond to SEC's lawsuit

Reuters7 days ago
NEW YORK, July 17 (Reuters) - The U.S. Securities and Exchange Commission and Elon Musk asked a federal judge on Thursday to give the billionaire more time to respond to the SEC's civil lawsuit accusing him of waiting too long in 2022 to reveal his large stake in Twitter, the social media company he later bought and renamed X.
In a filing in federal court in Washington, D.C., the SEC and Musk said they have agreed to give Musk until August 29, 2025, to answer or otherwise respond to the lawsuit. He was due to respond by July 18.
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Tesla profit plunges in latest quarter as Musk's turn to politics repels buyers
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Tesla profit plunges in latest quarter as Musk's turn to politics repels buyers

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