Elon Musk seeks dismissal of SEC suit over Twitter stake delay
Elon Musk asked a U.S. judge to toss an SEC lawsuit accusing him of costing Twitter investors $150M by delaying disclosure of his 5% stake in 2022. The regulator claims Musk missed the filing deadline by 11 days, suppressing a stock rally. Musk's lawyers called the case baseless and a "waste of taxpayer resources."