Elon Musk accused of breaking law while buying Twitter stock

Elon Musk has said he wants to buy Twitter outright (AP

Elon Musk’s huge Twitter investment took a new twist this week with the filing of a lawsuit alleging that the billionaire illegally delayed disclosing his stake in the social media company so he could buy more shares at lower prices.

The complaint in New York federal court accuses Mr Musk of violating a regulatory deadline to reveal he had accumulated a stake of at least 5%.