Bloomberg
US · 2 hrs ago
✦ 78◉ Centre
Judge Says Cannot ‘Rubber Stamp’ Musk’s $1.5 Million SEC Deal
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Credibility 78/100
Partisan intensity 25/100
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◉ Centre ✓ Fair headline
A federal judge has expressed reluctance to automatically approve a proposed $1.5 million settlement between Elon Musk and the SEC over allegations that Musk delayed disclosing his Twitter stake in 2022, citing concerns about the deal.
Judge Says Cannot ‘Rubber Stamp’ Musk’s $1.5 Million SEC Deal
A federal judge cited “red flags” about a proposed $1.5 million deal between Elon Musk and the Securities and Exchange Commission to end the agency’s lawsuit alleging the world’s richest person waited too long in 2022 to reveal his growing stake in Twitter Inc.
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