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#securities

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#ElonMusk must face #Twitter #shareholders’ lawsuit over alleged #securities #fraud

A proposed class-action lawsuit against #Musk and his family office #Excession can proceed in federal court, a judge ruled Friday, after the #tech centi-billionaire sought to have the case dismissed.

The case is Rasella v. Musk (Case No. 1:22-cv-03026-ALC-GWG) in the SDNY.

courtlistener.com/docket/63230

#law #SEC
cnbc.com/2025/03/28/elon-musk-

Exclusive: Interim SEC chief cast sole vote against suing #Musk

Days before #Republicans took the helm of the #SEC in Jan, the agency's 5 commissioners held a closed-door vote on whether to sue #ElonMusk.

Since 2022, the agency had been investigating whether the #billionaire, a close ally of #Trump, had violated #securities laws by disclosing too late his purchase of shares of #Twitter, now known as #X, prior to acquiring the company that year.

#law #USpol #DualState
reuters.com/world/us/interim-s

US #CentralBank holds #InterestRates steady

#TheFed said it will slow the pace of the drawdown of its balance sheet, as it faces challenges in assessing #market liquidity….

Stmnt: "The Cmte will continue reducing its holdings of #Treasury #securities & agency #debt & #mortgage‑backed securities. Beginning in April, the Cmte will slow the pace of decline of its securities holdings by reducing the monthly redemption cap on Treasury securities from $25B to $5B."

#economy
reuters.com/world/us/fed-meeti

#SEC offers staff $50,000 to resign or retire

The #US #Securities & Exchange Commission is offering some employees $50k if they choose to resign or to retire under an early retirement program, acc/to an agency memo.

#ElonMusk’s #DOGE has been looking at ways to cut staff & costs from the SEC & other #FederalAgencies to meet demands from Trump. SEC employees have until March 21 to decide, acc/to a Feb 28 all-staff memo from the SEC's COO, Ken Johnson.

#USpol #TrumpCoup
reuters.com/world/us/us-sec-of