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Judge reluctantly approves Elon Musk deal despite concerns over fairness
Stay up to date with notifications from The IndependentNotifications can be managed in browser preferences.AllNewsSportCultureLifestyleDistrict Judge Sparkle Sooknanan said she had "significant misgivings" about the deal, noting that Musk's alleged delay in reporting his purchases allowed him to save more than $150 million (Reuters)A federal judge has reluctantly approved a $1.5 million settlement in a lawsuit accusing Elon Musk of failing to promptly disclose his growing stake in Twitter in 2022.U.S. District Judge Sparkle Sooknanan said she had "significant misgivings" about the deal, noting that Musk's alleged delay in reporting his purchases allowed him to save more than $150 million.The judge also questioned why the Securities and Exchange Commission settled with a Musk-related trust rather than Musk himself, saying the arrangement allowed him to avoid direct penalties.The SEC had originally sought about $200 million but agreed to the $1.5 million settlement, arguing it reflected an appropriate compromise by all parties.Musk's attorney said the settlement resolves the matter and that Musk has been cleared of any claims related to the late filing, with the trust agreeing to pay the civil penalty.In fullJudge has ‘serious misgivings’ about a $1.5M fine over Elon Musk’s Twitter takeover - but approves it anywayMore bulletinsThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in
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channelnewsasia.com
Judge approves Elon Musk settlement with US SEC over Twitter disclosures
July 8 : A federal judge on Wednesday approved the U.S. Securities and Exchange Commission's settlement with Elon Musk over his purchase of Twitter shares, despite having what she…
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US judge approves Elon Musk settlement with SEC despite misgivings, 'red flags'
July 8 : A federal judge on Wednesday approved the U.S. Securities and Exchange Commission's settlement with Elon Musk over his purchase of Twitter shares, despite expressing…
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cryptobriefing.com
US judge approves SEC-Elon Musk deal despite significant misgivings
Judge Sooknanan approves a $1.5 million SEC-Musk settlement over delayed Twitter share disclosures, calling the penalty roughly 1% of estimated gains.
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theverge.com
Judge says it’s “for our citizenry to decide at the ballot box” if Musk’s SEC settlement is fair.
Judge Sparkle Sooknanan approved the $1.5 million pocket-change settlement with the Fed over his violation of disclosure rules in connection with the purchase of Twitter. She said…
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techcrunch.com
Despite 'misgivings,' judge approves Elon Musk's $1.5 million SEC settlement | TechCrunch
The saga of Musk's tussle with the SEC over how he disclosed his growing stake in Twitter (now called X) has come to an end.
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economictimes.indiatimes.com
Elon Musk: US judge approves Elon Musk settlement with SEC despite misgivings, 'red flags' - The Economic Times
U.S. District Judge Sparkle Sooknanan in Washington, D.C., said she had only a limited role in assessing whether the settlement meets minimum standards of fairness and…
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benzinga.com
Elon Musk's $1.5 Million SEC Settlement Wins Court Approval Even as Judge Has 'Significant Misgivings' Am
Federal judge approved Musk's $1.5 million SEC settlement but questioned whether the regulator gave the billionaire overly lenient treatment.
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thenextweb.com
Judge approves Musk’s $1.5m SEC Twitter settlement despite ‘red flags’
A federal judge approved Musk’s $1.5m SEC settlement over his late Twitter disclosure, warning it is a fraction of $150m in alleged investor harm.
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fortune.com
Elon Musk's judge has ‘significant misgivings’ about $1.5 million Twitter settlement—but approves it anyway | Fortune
“This is not to say this settlement is run-of-the-mill,” Judge Sparkle L. Sooknanan wrote.
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newsbytesapp.com
Judge approves SEC settlement over Musk's delayed Twitter stock disclosures
A federal judge approved Elon Musk's SEC settlement over Twitter shares, despite highlighting significant misgivings and potential red flags surrounding the agreement.
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tagesspiegel.de
Lediglich 1,5 Millionen Dollar Strafe: Richterin billigt umstrittenen Musk-Deal mit Börsenaufsicht
Elon Musk muss im Twitter-Deal nur einen Bruchteil der geforderten Strafe zahlen – und das Geld geht nicht mal an die betroffenen Anleger. Was hinter dem fragwürdigen Vergleich…
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upi.com
Judge OKs Musk's $1.5 million settlement with SEC with 'red flags' - UPI.com
A federal judge approved a $1.5 million settlement with the SEC for tech mogul Elon Musk over his alleged failure to report holdings on time.
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arstechnica.com
Judge doesn't like Elon Musk settlement with SEC, but says court can't block it
Judge reluctantly approves $1.5M settlement with SEC over Twitter stock violation.
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independent.co.uk
Judge OKs $1.5M fine for Elon Musk Twitter takeover despite ‘serious misgivings’
Shortly before Trump was inaugurated, federal regulators accused Musk of failing to disclose his growing stake in Twitter on time in 2022, an oversight estimated to have saved him…
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Judge reluctantly approves Elon Musk deal despite concerns over fairness
Stay up to date with notifications from The IndependentNotifications can be managed in browser preferences.AllNewsSportCultureLifestyleDistrict Judge Sparkle Sooknanan said she…
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Judge raises concerns over Elon Musk SEC settlement approval
A federal judge approved Elon Musk's $1.5M SEC settlement over delayed Twitter stake disclosures but flagged red flags in the agency's decision-making
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albawaba.com
Elon Musk avoids $150 million penalty in Twitter disclosure case | Al Bawaba
ALBAWABA – Elon Musk settled with the U.S. Securities and Exchange Commission for a far lower amount after a U.S. federal judge approved a deal to settl