Biden-appointed judge reluctantly approves Elon Musk’s settlement with SEC over Twitter disclosures

Source: New York Post

A federal judge on Wednesday approved the Securities and Exchange Commission’s settlement with Elon Musk over his purchase of Twitter shares, despite expressing “significant misgivings” about the “red flags” the accord raised. US District Judge Sparkle Sooknanan in Washington, DC. , said she had only a limited role in assessing whether the settlement meets minimum standards of fairness and reasonableness, or instead “makes a mockery of judicial power,” and questioned whether the Trump administration let the world’s richest person off too easily.