Business

Musk Settles SEC Lawsuit

Updated 2026-05-05 14:45 UTC 1 source Neutral

Tech entrepreneur Elon Musk agreed to pay a $1.5 million civil penalty to settle an SEC lawsuit alleging he failed to disclose his Twitter stock purchases ahead of the acquisition.

Coverage timeline — 1 article

Variety

Elon Musk to Pay $1.5 Million to Settle SEC Lawsuit Alleging He Failed to Disclose Twitter Share Purchases Ahead of Acquisition

Tech mogul Elon Musk, the world’s wealthiest individual with a net worth currently estimated at $659 billion, agreed to pay a $1.5 million civil penalty to settle an SEC lawsuit accusing him of failing to properly disclose stock he was amassing in Twitter in violation of securities laws. Musk

2026-05-05 14:36 UTC