Factbox-Elon Musk's growing legal challenges

investing.com:

By Tom Hals

(Reuters) — Elon Musk was sued by the U.S. securities regulator related to his takeover of Twitter, the latest court battle against the billionaire whose empire spans electric carmaker Tesla (NASDAQ:TSLA), space startup SpaceX and brain-chip startup Neuralink.

Below is a list of Musk's legal entanglements.

TWITTER LAWSUITS

The U.S. Securities and Exchange Commission has sued Musk to compel the world's richest man to testify as part of a probe into his $44 billion takeover of social media giant Twitter, a court filing on Oct. 5 showed.

The SEC had said in May 2022 that it was looking into Musk's disclosures about his stake in company. Around the same time, Twitter investors had sued Musk, claiming he manipulated the company's stock price by failing to disclose in March 2022 that he was amassing shares in the platform now known as X.

X was sued in federal court in Florida on Oct. 2 by a legal-marketing company that claims the social media firm's new name infringes its trademark incorporating the letter «X.»

$56 BILLION TESLA COMPENSATION LAWSUIT

A ruling is also expected soon following a non-jury trial challenging Musk's $56 billion pay at Tesla.

In the closing arguments in February, a judge pressed lawyers for Tesla directors and the investor challenging Musk's pay over whether the company's explosive growth outweighed misleading disclosures about the pay plan in 2018.

EMPLOYMENT DISPUTES

Musk's major companies Tesla, SpaceX and the X social media platform are embroiled in several legal disputes alleging age, gender or race-based discrimination.

SpaceX was hit in October by a proposed class action lawsuit filed by a former female employee who claims the firm promotes women and minorities less often than