Elon Musk's growing legal challenges - check full list
Elon Musk was sued by the U.S. securities regulator related to his takeover of Twitter, the latest court battle against the billionaire whose empire spans electric carmaker Tesla, space startup SpaceX and brain-chip startup Neuralink.
Below is a list of Musk's legal entanglements.
The U.S. Securities and Exchange Commission has sued Musk to compel the world's richest man to testify as part of a probe into his $44 billion takeover of social media giant Twitter, a court filing on Oct. 5 showed.
In May 2022, Twitter investors had sued Musk, claiming he manipulated the company's stock price by failing to disclose in March 2022 that he was amassing shares in the platform now known as X.
X was sued in federal court in Florida on Oct. 2 by a legal-marketing company that claims the social media firm's new name infringes its trademark incorporating the letter "X."
$56 BILLION TESLA COMPENSATION LAWSUIT
A ruling is also expected soon following a non-jury trial challenging Musk's $56 billion pay at Tesla.
In the closing arguments in February, a judge pressed lawyers for Tesla directors and the investor challenging Musk's pay over whether the company's explosive growth outweighed misleading disclosures about the pay plan in 2018.
EMPLOYMENT DISPUTES
Musk's major companies Tesla, SpaceX and the X social media platform are embroiled in several employment discrimination lawsuits.
SpaceX was hit in October by a proposed class action lawsuit filed by a former female employee who claims the firm promotes women and minorities less often than white men. The space startup was also sued by the U.S. Justice Department in August for allegedly discriminating against asylum recipients and refugees in hiring.
X faces a series of lawsuits alleging sex, age,
Read more on tech.hindustantimes.com
