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Monday, May 4, 2026
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Article The Guardian Business

Elon Musk settles SEC lawsuit over Twitter purchase and agrees to pay $1.5m fine

The Guardian Business May 4, 2026 · 10:22 pm Read Original
Pessimistic -38.1
−100 Bearish 0 +100 Bullish
Elon Musk settles SEC lawsuit over Twitter purchase and agrees to pay $1.5m fine

Musk won’t have to give up any money he allegedly saved from delaying disclosure of initial purchase of Twitter stockSign up for the Breaking News US newsletter emailElon Musk settled the US Securities and Exchange Commission’s civil lawsuit accusing the world’s richest person of waiting too long in 2022 to disclose his initial purchases of stock in Twitter, now known as X.A trust in Musk’s name will pay a $1.5m civil penalty, without admitting wrongdoing. Musk won’t have to give up any money he allegedly saved from the delay. Continue reading...

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Article Info
Source The Guardian Business
Published May 4, 2026 · 10:22 pm
Article ID rj9oyoa
Original URL Open source
Sentiment Signal
Pessimistic -38.1
−100Neutral+100
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