Musk calls for judge to dismiss lawsuit brought by X shareholders

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Musk calls for judge to dismiss lawsuit brought by X shareholders
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who accuse him of waiting too long to disclose his purchase of a large financial stake in the social media company.

“This is not a scheme to defraud,” Musk said. “All indications — including those in the pleadings — point to mistake.” Under federal securities laws, Musk had 10 days to disclose his stake in Twitter, but he did not file with the SEC until three weeks later.

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