Musk Loses Bid to Move SEC suit over Twitter stake to Texas
"A federal judge rejected Elon Musk’s bid to transfer to a court in Texas a US Securities and Exchange Commission lawsuit alleging he was late in disclosing his 2022 stake in Twitter Inc.
“The Court takes Mr. Musk’s convenience seriously, but it also notes that Mr. Musk has considerable means and spends at least forty percent of his time outside his chosen forum,” US District Judge Sparkle Sooknanan wrote in an order Thursday in Washington. “Indeed, although Mr. Musk may have ‘rarely’ traveled to this District in recent months, Mr. Musk’s brief itself indicates that he has spent substantial time here this year.”
The SEC sued Musk in January, more than two years after he bought Twitter for $44 billion and less than a week before President Donald Trump took office. The Wall Street regulator alleged the serial entrepreneur blew the deadline to file a special form saying he had accumulated at least a 5% ownership stake in Twitter before launching a takeover bid of the social media platform.
By waiting too long to reveal his stake, Musk was able to stockpile shares on the cheap. The failure to timely disclose cost Twitter shareholders more than $150 million, the SEC said."
https://www.bloomberg.com/news/articles/2025-10-02/musk-loses-bid-to-move-sec-suit-over-twitter-stake-to-texas
Geez, I wish this jackass could be deported.