Last mentioned: Mar 21, 2026
Liability Verdict
A federal jury finds Musk liable for fraud against shareholders who sold during the non-disclosure window.
Acquisition Closes
Musk completes the $44 billion takeover of Twitter and takes the company private.
Delayed Disclosure
Musk finally discloses a 9.2% stake; Twitter shares jump 27% immediately.
Filing Deadline
The legal deadline for Musk to file a Schedule 13D disclosure passes without action.
5% Threshold Crossed
Musk acquires more than 5% of Twitter shares, triggering the 10-day SEC disclosure window.
A federal jury has found Elon Musk liable for defrauding Twitter shareholders during his 2022 acquisition of the social media giant. The verdict centers on Musk's failure to disclose his 5% stake within the legally mandated timeframe, which allegedly allowed him to save millions at the expense of selling investors.