https://arstechnica.com/?p=1847734
As a result of the foregoing, throughout the Class Period, Defendant Musk made materially false and misleading statements by failing to disclose to investors that he had acquired a 5% ownership stake in Twitter as required by Section 13(d) of the Exchange Act and SEC Rule 13d-1 promulgated thereunder, 17 C.F.R. Rasella filed the suit on behalf of all investors who sold Twitter stock between March 24 and April 1, 2022, with the exceptions of Musk himself and his family and affiliates, who are excluded from the proposed class.
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