Judge Rejects Elon Musk's Attempt to Dismiss SEC Lawsuit

A federal judge dismissed Elon Musk's attempt to throw out a SEC lawsuit accusing him of delaying disclosure of his Twitter stock purchases in 2022. Judge Sparkle Sooknanan ruled the arguments presented by Musk, which included claims of SEC overreach, insufficient for dismissing the case.

A federal judge has dismissed Elon Musk's bid to have a Securities and Exchange Commission lawsuit thrown out. The lawsuit alleges Musk took too long to disclose his 2022 Twitter share purchases.

U.S. District Judge Sparkle Sooknanan, based in Washington, D.C., found Musk's arguments unconvincing, including those claiming the SEC had overstepped to punish him for criticism.

The decision means the lawsuit accusing the Tesla CEO is set to proceed, maintaining the spotlight on his actions in the financial markets.