SEC and Musk to Argue for Twitter Settlement in Court
Attorneys for the SEC and Elon Musk appear in court today to seek approval for a $1.5 million settlement. The deal resolves claims over his 2022 Twitter stake.
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Elon Musk, the world's richest person, and the SEC will defend a $1.5M settlement in the United States on May 15. The deal resolves claims that Musk delayed disclosing a 5% Twitter stake, which allegedly saved him $150M. Approval would end a multi-year legal battle and clarify the current regulatory approach to corporate enforcement.
