Let’s just call this a spinoff of Joe Biden’s Lawfare & Disorder. Maybe we can call this version L&D: Special Targets Unit.
How seriously can we take this lawsuit from the SEC against Elon Musk after the multi-billionaire’s full-throated support for Donald Trump? Musk’s attorneys will take it seriously for as long as it lasts, which will likely be … oh, a week or so:
The SEC filed a lawsuit against Elon Musk on Tuesday, alleging the billionaire committed securities fraud in 2022 by failing to disclose he had amassed an active stake in Twitter, a secrecy that allowed him to buy shares at “artificially low prices.”
Musk, who is also CEO of Tesla and SpaceX, purchased Twitter for $44 billion in late 2022 and changed the name to X the following year. Prior to the acquisition, he’d built up a position in the company of greater than 5%, which would’ve…
