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Judge won’t rubber-stamp Elon Musk’s $1.5M settlement with SEC over Twitter disclosures

Elon Musk
New York Post Fews App News Provider
Fews App Post Time há 13h

A federal judge on Friday declined to quickly approve the Securities and Exchange Commission’s $1. 5 million settlement with Elon Musk over his purchase of Twitter, saying she wants more information about whether the accord is fair and how it was reached. The settlement would resolve an SEC lawsuit accusing Musk of waiting 11 days too long to disclose he had amassed a 5% stake in Twitter, and saving $150 million by the time he revealed a 9.

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