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

Twitter

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 consented to the settlement “without admitting or denying the allegations,” according to the SEC’s legal filing in the U.S. District Court for the DC District, entered Monday (May 4). The settlement also “

Tag-uri: Twitter

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Elon Musk to Pay $1.5 Million to Settle SEC Lawsuit Alleging He Failed to Disclose Twitter Share Purchases Ahead of Acquisition http://variety.com - 05.05.2026 14:36
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Elon Musk settles SEC lawsuit over Twitter purchase and agrees to pay $1.5m fine https://www.theguardian.com - 05.05.2026 00:22
Elon Musk settles SEC lawsuit over Twitter disclosures, $1.5 million penalty imposed https://www.channelnewsasia.com/ - 05.05.2026 00:02
Elon Musk will settle the feds’ Twitter lawsuit with pocket change https://www.theverge.com - 04.05.2026 22:11
Elon Musk will settle the feds’ Twitter lawsuit with pocket change https://www.theverge.com/ - 04.05.2026 22:11
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