Twitter Shareholder: Elon Musk Just Stiffed Us and Made Off With Millions

Twitter shareholder Marc Bain Rasella sued Elon Musk on Tuesday, accusing the billionaire of failing to disclose his Twitter stake within the time frame required by the U.S. Securities and Exchange Commission (SEC). The move allegedly helped Musk save approximately $143 million in subsequent share purchases, according to the lawsuit. Rasella, who aims to represent all investors who sold their Twitter stock during the week of March 24 to April 1, filed the lawsuit in the U.S. District Court for the Southern District of New York. The lawsuit argues that by filing his disclosure so late, Musk, the CEO of… Read Full Article