· Court filing
SEC sues Musk over late disclosure of Twitter stake; Musk calls the agency 'totally broken'
…totally broken organization.
What he said or did
The SEC sued Musk, alleging he disclosed his 5% Twitter stake 11 days late in 2022 and bought more than $500 million in shares at artificially low prices, underpaying by over $150 million. Musk called the SEC a totally broken organization.
Background
Musk's lawyer had disclosed in December 2024 that the SEC sought a settlement; Musk had earlier posted the letter with the caption Oh Gary, how could you do this to me?
(ABC News).
Official response
Musk's attorney Alex Spiro called the suit a sham
and a single-count ticky tak complaint
(ABC News).
What happened next
On 3 February 2026 Judge Sparkle Sooknanan denied Musk's motion to dismiss, rejecting arguments of selective enforcement and First Amendment violations (Reuters). See the 2026 settlement entry.
Sources
- ABC News (ABC7)15 Jan 2025
- Reuters (via Malay Mail)4 Feb 2026
This entry records what was publicly said or done, as reported by the sources above. Quotes are attributed to the person who made them.
