Musk calls for judge to dis­miss law­suit brought by X share­hold­ers

Elon Musk request­ed a fed­er­al judge in New York to dis­miss a law­suit against him brought on by share­hold­ers of X who accuse him of wait­ing too long to dis­close his pur­chase of a large finan­cial stake in the social media com­pa­ny.
How­ev­er, in his request, Musk said he mis­un­der­stood the Secu­ri­ties and Exchange Commission’s dis­clo­sure rule, hav­ing thought it wasn’t required until the end of 2022. 
“This is not a scheme to defraud,” Musk said. “All indi­ca­tions — includ­ing those in the plead­ings — point to mis­take.”
Investors in Twit­ter, now known as X, say Musk and his wealth man­ag­er Jared Bir­chall inten­tion­al­ly defraud­ed investors by wait­ing an addi­tion­al 11 days past the March 24, 2022, dead­line set by the SEC to dis­close that he had bought a 5% stake in Twit­ter.  
Under fed­er­al secu­ri­ties laws, Musk had 10 days to dis­close his …