Elon Musk and SEC propose to settle Twitter lawsuit for just $1.5mn
Deal would come at a fraction of the amount regulators originally sought from the world’s richest man
Deal would come at a fraction of the amount regulators originally sought from the world’s richest man

Lawyer for billionaire Tesla founder told judge they attempted to resolve matter without Wall Street watchdog’s counsel

Billionaire says tweet that sparked lawsuit ‘may not have been my wisest’

Court refuses to ‘rubber stamp’ $1.5mn deal over Twitter stock disclosure

Panel members conclude the billionaire misled shareholders in tweets posted during the $44bn takeover

Billionaire had accused brands of organising an illegal boycott

Lawsuit brought by Elon Musk heads into final week in court, with Sam Altman due to testify