Bloomberg
US · 2 hrs ago
✦ 78◉ Centre
SEC Defends Settlement With Musk After Judge Cites ‘Red Flags’
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Quality 78/100
Partisan intensity 25/100
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◉ Centre ✓ Fair headline
The SEC is defending a proposed settlement with Elon Musk to resolve a lawsuit over Twitter stakes, after a federal judge expressed concerns about the deal's terms.
SEC Defends Settlement With Musk After Judge Cites ‘Red Flags’
A proposed settlement between Elon Musk and the Securities and Exchange Commission to end the agency’s Twitter Inc. stake lawsuit came after almost a year of negotiations, attorneys for the agency said Monday after a judge raised concerns about the deal.
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