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US Judge Allows SEC-Musk Deal Despite ‘Significant Misgivings’
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US Judge Allows SEC-Musk Deal Despite ‘Significant Misgivings’ A US judge signed off on Elon Musk paying $1.5 million to end a Securities and Exchange Commission lawsuit that accused him of cheating Twitter Inc. investors when he missed a deadline in 2022 to disclose his growing stake in the company. US District Judge Sparkle Sooknanan’s approval comes after she said in May that the deal raised “red flags” — including whether the world’s richest person was getting “special treatment” from...
US Judge Allows SEC-Musk Deal Despite ‘Significant Misgivings’
A US judge signed off on Elon Musk paying $1.5 million to end a Securities and Exchange Commission lawsuit that accused him of cheating Twitter Inc. investors when he missed a deadline in 2022 to disclose his growing stake in the company.
US District Judge Sparkle Sooknanan’s approval comes after she said in May that the deal raised “red flags” — including whether the world’s richest person was getting “special treatment” from the Trump administration.