The complaint in New York federal court accuses Musk of violating a regulatory deadline to reveal he had accumulated a stake of at least 5 per cent. Instead, according to the complaint, Musk didn't disclose his position on Twitter until he'd almost doubled his stake to more than 9 per cent.
Did Elon Musk break the law while buying Twitter shares? - Tesla CEO Elon Musk has been accused of breaking the law while buying Twitter stock, which made him the largest shareholder of the company.