Judge Raises Red Flags Over Elon Musk’s SEC Twitter Stake Settlement
businesslawpoliticsus-judiciary 3 posts · 3 accounts
A federal judge cited “red flags” about a proposed $1.5 million deal between Elon Musk and the US Securities and Exchange Commission to end the agency’s lawsuit alleging that Musk waited too long in 2022 to reveal his growing stake in Twitter. The judge also described apparent backdoor communications in the matter as a red flag.
From the sources (3 posts)
@firstsquawkUS FEDERAL JUDGE IN ELON MUSK-SEC TWITTER SETTLEMENT CASE CALLS APPARENT BACKDOOR COMMUNICATIONS IN THE MATTER A 'RED FLAG'
@businessA federal judge cited “red flags” about a proposed $1.5 million deal between Elon Musk and the SEC to end the agency’s lawsuit alleging the world’s richest person waited too long in 2022 to reveal his growing stake in Twitter
@ftElon Musk’s settlement with SEC raises ‘red flags’, judge says