TechCrunch·3 min read·medium
Despite ‘misgivings,’ judge approves Elon Musk’s $1.5 million SEC settlement
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Lucas Ropek
✦AI Summary
A federal judge has approved a $1.5 million settlement between Elon Musk and the SEC regarding his failure to timely disclose his stake in Twitter in 2022. Despite the approval, the judge expressed significant misgivings about the fairness of the settlement.
A judge has approved a $1.5 million penalty levied against Elon Musk that will settle a U.S. Securities and Exchange Commission lawsuit despite having “significant misgivings” about it.
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