Elon Musk Seeks Dismissal of Lawsuit Over Delayed Twitter Stake Disclosure

Musk argues the delay in revealing his 9.2% Twitter stake was a mistake, not an attempt to defraud shareholders.

Musk claims he misunderstood the SEC disclosure rule and intended to reveal the stake at the end of 2022.
Investors allege Musk's delay saved him over $200 million by allowing him to buy more shares at lower prices.
The lawsuit, led by an Oklahoma public pension fund, accuses Musk of violating SEC rules by delaying disclosure.
Musk denies any conspiracy with a Morgan Stanley banker to secretly amass Twitter shares.
The SEC is also investigating Musk's Twitter stock purchases.