YOUR BUSINESS AUTHORITY

Springfield, MO

Log in Subscribe

SEC, Elon Musk agreed to settle lawsuit over Twitter buyout

Posted online

The U.S. Securities and Exchange Commission and Elon Musk have agreed to settle a lawsuit filed over the purchase of Twitter in 2022.

The lawsuit alleged Musk violated securities law in the run-up to the acquisition of Twitter, now X.

Musk's revocable trust is slated to pay a $1.5 million civil penalty as part of the settlement.

Read more from CNBC.

Comments

No comments on this story |
Please log in to add your comment
Editors' Pick
Business Spotlight: Stories Worth Telling

Loveography preserves both life stories and love stories in a keepsake that won’t fade.

Most Read
Update cookies preferences