The settlement requires approval by U.S. District Judge Sparkle Sooknanan, who in February rejected Musk’s bid to dismiss the case [File]
| Photo Credit: REUTERS
Elon Musk settled the U.S. Securities and Exchange Commission’s civil lawsuit accusing the world’s richest particular person of ready too lengthy in 2022 to reveal his preliminary purchases of Twitter, now often called X.
A belief in Musk’s identify pays a $1.5 million civil fine, underneath the settlement disclosed on Monday within the Washington, D.C., federal courtroom.
Published – May 05, 2026 10:59 am IST