Photonews Logo Photonews logo
  • Home
  • Pakistan
    • Punjab
    • Sindh
    • Khyber Pakhtunkhwa
    • Azad Jammu Kashmir
    • Balochistan
    • Gilgit – Baltistan
  • World
  • Business
  • Entertainment
  • Videos
    Gen V Season 2 trailer
    Videos

    Gen V Season 2 Trailer Cast, Plot, Premiere Details

    July 26, 2025 3 Min Read
    IShowSpeed Daniel La Belle race
    Videos

    IShowSpeed Beats Daniel La Belle in 40-Meter Race, Hits 41M Subscribers

    June 24, 2025 2 Min Read
    Cardi B new single Outside
    Videos

    Cardi B’s ‘Outside’ Single Sparks Buzz Over Offset and Stefon Diggs

    June 20, 2025 2 Min Read
  • Sports
  • Technology
  • Offbeat
  • Blog
  • Contact
Reading: Elon Musk Loses Bid to Move SEC Twitter Lawsuit from DC to Texas
PhotoNews PakistanPhotoNews Pakistan
Font ResizerAa
Search
  • Home
  • Pakistan
    • Punjab
    • Sindh
    • Khyber Pakhtunkhwa
    • Balochistan
    • Azad Jammu Kashmir
    • Gilgit – Baltistan
  • World
  • Business
  • Entertainment
  • Videos
  • Sports
  • Technology
  • Offbeat
  • Blog
  • Contact
Have an existing account? Sign In
Follow US
© 2022 Photonews. All Rights Reserved.
Elon Musk SEC Twitter lawsuit
PhotoNews Pakistan > Tech > Elon Musk Loses Bid to Move SEC Twitter Lawsuit from DC to Texas
TechTop News

Elon Musk Loses Bid to Move SEC Twitter Lawsuit from DC to Texas

Web Desk
By Web Desk Published October 3, 2025 2 Min Read
Share
SEC emblem appears on the wall alongside Elon Musk. Image Credit: File Photo.
SHARE

On October 2, 2025, US District Judge Sparkle Sooknanan rejected Elon Musk’s attempt to transfer a Securities and Exchange Commission (SEC) lawsuit from Washington, DC, to Texas. Musk argued that litigating in DC burdens his demanding schedule. However, the judge noted his “considerable means” and frequent travel. For instance, Musk spent significant time in DC this year leading the Department of Government Efficiency.

Moreover, Sooknanan highlighted heavier caseloads in Texas courts. Consequently, her court can proceed faster. She also dismissed Musk’s alternative request to move the case to Manhattan, where former Twitter shareholders are suing him.

Musk called himself an “incredibly busy individual,” working over 80 hours weekly and often sleeping at offices or factories. Nevertheless, the judge found this unpersuasive, citing his time in DC. Musk’s legal team offered no immediate comment. An SEC spokesperson, citing the government shutdown, also declined to comment. Notably, Musk’s net worth hit $500 billion on October 1, 2025, per Forbes.

The SEC sued Musk in January 2025, alleging an 11-day delay in disclosing his 5% Twitter stake in early 2022. This allowed him to buy over $500 million in shares at lower prices, saving about $150 million at investors’ expense, the SEC claims. It seeks a civil fine and disgorgement of those savings.

Musk wants the case dismissed, arguing the delay was unintentional. He disclosed a 9.2% stake on April 4, 2022, after legal advice. In August 2025, he labeled the suit as SEC harassment tied to his criticisms of the agency. Musk acquired Twitter for $44 billion in October 2022 and rebranded it as X.

TAGGED:Elon MuskFeatured
Share This Article
Facebook Twitter Pinterest Whatsapp Whatsapp LinkedIn Email Copy Link Print
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Advertisement

HBL Saving Made Easy
HBL Saving Made Easy

Recent Posts

US Canada trade talks

Trump Ends US-Canada Trade Talks Over Reagan Ad

Google $2.36 Billion Privacy Lawsuit

Google Users Seek $2.36 Billion After Privacy Trial Verdict

Stephen A. Smith NBA scandal

Stephen A. Smith Suggests Trump Behind NBA Game-Rigging Scandal

Post Archives

More Popular from Photonews

Chelsea vs Liverpool
Sports

Liverpool, Chelsea Secure 5-1 Champions League Victories

2 Min Read
oil prices US China 2025
Business

Oil Prices Dip on US-China Trade Tensions and Stockpile Fears

2 Min Read
Iran nuclear deal
Top NewsWorld

Iran Declares Nuclear Deal Restrictions Over After 2015 Pact Expires in 2025

2 Min Read
Pakistan

Khula Does Not Require Husband’s Consent: Supreme Court

In a historic decision, Pakistan's Supreme Court has strengthened women's rights in family law. The ruling…

October 24, 2025
Punjab

Rawalpindi Traffic Plan for Pakistan-South Africa Cricket Series

The Rawalpindi Traffic Police have announced a comprehensive traffic management plan to ensure smooth movement during…

October 18, 2025
Khyber Pakhtunkhwa

Peshawar Brick Kilns to Close by November 15, 2025

The Environmental Protection Agency in Khyber Pakhtunkhwa brings good news. All old brick kilns in Peshawar…

October 23, 2025
Tech

X Tests New iOS Feature to Boost Engagement and Retain Users Within the App

X, formerly known as Twitter, is testing a new approach to link handling on iOS to…

October 21, 2025
PhotoNews Pakistan

Always Stay Up to Date

Subscribe to our newsletter to get our newest articles instantly!

Categories

  • World
  • Pakistan
  • Punjab
  • Sindh
  • Khyber Pakhtunkhwa
  • Balochistan
  • Azad Jammu Kashmir

 

  • Top News
  • Business
  • Entertainment
  • Sports
  • Videos
  • Tech
  • Offbeat
  • Blog

© 2024 Phototnews
All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?