Securities fraud – Charm

SEC sues Elon Musk, alleging securities fraud in Twitter deal

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…

US Supreme Court tosses case involving securities fraud suit against Nvidia

Cs news10 months ago06 mins

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…