{
}
Elon Musk faces a class-action lawsuit from former Twitter shareholders alleging securities fraud for failing to disclose his stock purchases in a timely manner. A judge ruled the case can proceed, noting Musk's actions misled the market and contributed to shareholders selling at "artificially deflated prices." Musk's attorneys claim the late disclosure was an error, while he continues to expand his business ventures, including a merger between xAI and the social network.
Elon Musk and OpenAI are set to fast-track their legal dispute over the organization's transition to a for-profit model, with a trial scheduled for December. Musk's attempt to halt this shift was denied, and both parties have postponed deciding whether the case will be settled by a judge or jury. Musk, who co-founded OpenAI in 2015, claims the transition deviates from its original mission, while OpenAI argues that Musk's actions are aimed at benefiting his rival company, xAI.
Jared Birchall
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Elon Musk faces lawsuit over alleged securities fraud involving Twitter shares
01:20 29.03.2025
elon musk and openai expedite legal battle over for profit transition
15:12 16.03.2025
Trending
Subcategory
Stock Market Updates
Corporate News
Finance Mergers & Acquisitions
Industry Trends
Hedge Funds & Private Equity
Global Financial Events
Market Analysis and Predictions
Global Trade Developments
Financial Scams and Security
Government Policies
Banking Regulations
Economic Sanctions
CEO Changes
Retail and Consumer Goods
Startups & Entrepreneurship
International Relations
Industry Mergers & Acquisitions
Central Bank Actions
Workplace Trends
Domestic Politics
Countries:
Companies:
JPMorgan Chase & Co.
Tesla, Inc.
The Goldman Sachs Group, Inc.
Wells Fargo & Company
Bank of America Corporation
Barclays PLC
Morgan Stanley
Citigroup Inc.
Apple Inc.
Berkshire Hathaway Inc.
Microsoft Corporation
SpaceXCoin USD
The Charles Schwab Corporation
AMERICAN EXPRESS
U.S. Bancorp
UBS Group AG
Amazon.com, Inc.
Banco Santander, S.A.
Deutsche Bank Money Market PP
Citizens, Inc.
Currencies:
United States Dollar
Euro
Indian Rupee
Chinese Yuan
Japanese Yen
British Pound Sterling
South Korean Won
Swiss Franc
United Arab Emirates Dirham
Canadian Dollar
Israeli New Shekel
Swedish Krona
Mexican Peso
New Taiwan Dollar
People: