The U.S. Securities and Exchange Commission and Elon Musk appear before a federal judge in Washington to argue for approval of a proposed settlement tied to Musk’s past statements about taking Twitter private. Multiple reports say the settlement would require Musk to pay about US$1.5 million. One outlet characterizes it as the largest SEC settlement in its history, while also noting it is far less than the amount the regulator originally sought. The hearing focuses on whether the court should accept the agreed terms rather than require further litigation. The SEC’s position is that the settlement is appropriate in resolving alleged securities-related violations, while Musk’s side seeks to have the proposed terms approved and bring the matter to a close. The proceedings are framed as a continuation of the broader legal dispute, with both sides presenting their rationale for settlement approval and the judge weighing the merits and terms in deciding whether to adopt the agreement.
SEC and Elon Musk argue for Twitter settlement before U.S. federal judge
The U.S. Securities and Exchange Commission and Elon Musk appear before a federal judge in Washington to argue for approval of a proposed settlement tied to Musk’s past statements about taking Twitter...
- The SEC and Elon Musk appear before a U.S. federal judge to argue for approval of a proposed Twitter-related settlement.
- The proposed settlement amount is about US$1.5 million.
- One report says the deal would be the largest settlement in SEC history.
- The proposed amount is described as significantly smaller than what the SEC originally sought.
Proposed settlement would be the largest in SEC history but is still a fraction of what was originally sought
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