Elon musk facing investigations for failing to timely disclose 9.2% stake in twitter

Schubert law firm investigating potential class action after elon musk failed to timely  disclose 9.2% stake in twitter after surpassing sec's  5% ownership threshold  san francisco , april 13, 2022 /prnewswire/ -- schubert jonckheer & kolbe llp is launching an investigation of tesla executive elon musk's failure to disclose his recently acquired 9.2% stake, or 73.5 million shares, in twitter (nyse:twtr) until 11 days after he was required by the securities and exchange commission (sec) rules to disclose his ownership over 5% of twitter's outstanding stock. the sec requires that anyone who has acquired over 5% ownership in a publicly traded company must publicly disclose this information within 10 days of crossing that 5% threshold.
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