Last mentioned: Mar 22, 2026
Jury Verdict
A federal jury finds Musk liable for misleading investors in the Twitter stake case.
Tesla Verdict Precedent
Musk wins a separate securities fraud case regarding his 2018 'funding secured' tweets.
Delayed Disclosure
Musk finally discloses his 9.2% stake, causing Twitter stock to surge 27%.
SEC Deadline Missed
The legal deadline to file a Schedule 13D passes without a public disclosure from Musk.
5% Threshold Reached
Musk crosses the 5% ownership threshold in Twitter, triggering the 10-day disclosure requirement.
A federal jury has found Elon Musk liable for misleading investors during his 2022 acquisition of Twitter, concluding a high-stakes legal battle over disclosure delays. The verdict establishes a major precedent for executive accountability regarding SEC transparency requirements and market manipulation.