SEC Grants Elon Musk Another Deadline Extension in Twitter Stake Disclosure Lawsuit

by | Jul 17, 2025

The U.S. Securities and Exchange Commission has once again extended Elon Musk’s deadline to respond to its civil lawsuit accusing him of delaying disclosure of his Twitter stake in 2022. In a joint filing Tuesday in federal court in Washington, D.C., both sides agreed to push Musk’s response deadline to August 29, 2025. He had previously been expected to reply by July 18.

 

The SEC alleges Musk waited 11 days too long to disclose his initial 5% stake in Twitter, allowing him to quietly purchase more than $500 million in stock at suppressed prices before the news became public. Musk later acquired the platform and renamed it X.

The lawsuit seeks a civil penalty and repayment of alleged ill-gotten gains. Neither Musk, his legal team, nor the SEC commented on the latest delay. The original deadline had already been moved once, from June 6 to July 18, with both parties calling the extension a reasonable step to conserve judicial resources.

 

Source: Reuters

 

 

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