SEC Looms Over Musk-Twitter Deal

 I am quoted in The Hill in “SEC Looms Over Musk-Twitter Deal” (TWTR).

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By filing that disclosure after the 10-day deadline, Musk may have netted $156 million according to University of Maryland business school professor David Kass. 

“Either he’s underpaid by $156 million by withholding this information, or he had $156 million profit as a result of holding this information,” he explained. “And of course shareholders who sold their shares during this time period… were in effect shortchanged.”