Musk looks to end Twitter lawsuit, suggests late disclosure was a mistake

Billionaire Elon Musk is looking to dismiss a lawsuit brought by former Twitter shareholders who said he took too long to reveal his ownership stake in the social media company before he moved to buy Twitter and take the company private.

Musk told a Manhattan federal court in a filing late Wednesday that "all indications" show his delay in making the disclosure, which was required by Securities and Exchange Commission (SEC) rules. The proposed class action lawsuit was filed by an Oklahoma public pension fund representing firefighters.