BusinessCourt Approves Musk’s $1.5M SEC Settlement Despite Doubts
A U.S. federal judge has approved a $1.5M settlement between Elon Musk and the SEC, resolving allegations of delayed disclosure regarding his Twitter* stake in 2022. The agreement, reached despite the judge's 'significant doubts' about its fairness, requires Musk to pay the fine via a trust without admitting guilt. The SEC claimed the delay saved Musk roughly $150M, though the entrepreneur denies any wrongdoing.
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