A federal judge on Friday declined to quickly approve the U.S. Securities and Exchange Commission's $1.5 million settlement with Elon Musk over his purchase of Twitter, saying she wants more information about whether the accord is fair and how it was reached. The settlement would resolve an SEC lawsuit accusing Musk of waiting 11 days too long to disclose he had amassed a 5% stake in Twitter, and saving $150 million by the time he revealed a 9.2% stake in April 2022. Musk, the world's richest person, bought Twitter for $44 billion six months later.
Latest development
Media Coverage · May 9, 2026
The parties reported a settlement.
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U . S . judge will not rubber - stamp Elon Musk settlement with SEC
Media Coverage · May 09, 2026
Coverage
1 article
1 source tracked
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2 Government Agencys, 1 Presiding Judge
3 linked entities
Judge
Sparkle Sooknanan
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The newest docket activity we have is a media coverage dated May 09, 2026.
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Press monitoring has found 1 related article from 1 distinct source.
A federal judge on Friday declined to quickly approve the U.S. Securities and Exchange Commission's $1.5 million settlement with Elon Musk over his purchase of Twitter, saying she wants more information about whether the accord is fair and how it was reached. The settlement would resolve an SEC lawsuit accusing Musk of waiting 11 days too long to disclose he had amassed a 5% stake in Twitter, and saving $150 million by the time he revealed a 9.2% stake in April 2022. Musk, the world's richest pe
Open original open_in_newU . S . judge will not rubber - stamp Elon Musk settlement with SEC
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The parties reported a settlement.
A federal judge on Friday declined to quickly approve the U.S. Securities and Exchange Commission's $1.5 million settlement with Elon Musk over his purchase of Twitter, saying she wants more …
Sources tracked
1 outlet · 1 article
Timeline events
1 record on file
Last updated
14 hours, 30 minutes ago
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