Musk Loses Attempt to Dismiss SEC Twitter Stake Lawsuit (1)

A federal judge rejected Elon Musk’s attempt to throw out a US Securities and Exchange Commission lawsuit alleging he waited too long to disclose his growing stake in Twitter.

Musk had accused the agency of selective enforcement and challenged the case as an affront to his constitutional free-speech rights, among other arguments.

“A straightforward application of the law reveals that none of these arguments warrant dismissal of this lawsuit,” US District Judge Sparkle Sooknanan wrote in an order Tuesday in Washington.

The SEC sued Musk in January 2025, less than a week before President Donald Trump took office. ...