Elon Musk gets more time to respond to US SEC lawsuit over Twitter stake

The U.S. Securities and Exchange Commission has given Elon Musk six more weeks to respond to its civil lawsuit accusing the world’s richest person of waiting too long in 2022 to reveal his large stake in Twitter, the social media company he later bought and renamed X.

In a filing in federal court in Washington, D.C., the SEC and Musk agreed to push back the deadline for Musk’s response to July 18 from June 6, calling it “reasonable and in the interest of conserving judicial resources.”

The SEC has said Musk’s 11-day delay in disclosing his initial 5%…