The Securities and Exchange Commission (SEC) filed a lawsuit against Tesla (TSLA) CEO Elon Musk, alleging he committed securities fraud by failing to disclose his active stake in Twitter, now X, allowing him to buy the social media company at “artificially low prices.” Yahoo Finance Senior Legal Reporter Alexis Keenan joins Morning Brief with Seana…
By John Kruzel WASHINGTON (Reuters) -The U.S. Supreme Court sidestepped on Wednesday a decision on whether to allow shareholders to proceed with a securities fraud lawsuit accusing artificial intelligence chipmaker Nvidia of misleading investors about how much of its sales depended on the volatile cryptocurrency market. The justices, who heard arguments in the case on…
Michael Shvartsman walks following a hearing at the Manhattan Federal Court, in New York City, U.S. July 20, 2023. Amr Alfiky | Reuters Prosecutors are asking a New York federal court judge to sentence two brothers to years in prison for their admitted insider trading in a blank-check company’s securities before it announced a planned…