judge-approves-elon-musk-settlement-with-us-sec-over-twitter-disclosures-2026-07-08
US judge approves Elon Musk settlement with SEC despite misgivings, 'red flags' By Monu gupta July 9, 2026 1:36 AM GMT+5:30 Updated 8 hours ago Elon Musk walks to attend the trial in his lawsuit over OpenAI for-profit conversion at a federal courthouse, in Oakland, California, U.S., April 29, 2026. REUTERS/Manuel Orbegozo/File Photo Purchase Licensing Rights , opens new tab Summary Settlement requires Musk's trust to pay $1.5 million Judge questions if SEC did enough to hold Musk accountable SEC said Musk saved $150 million by delaying disclosure of Twitter purchases SEC declines to comment, Musk's lawyers not available to comment July 8 (Reuters) - A federal judge on Wednesday approved the U.S. Securities and Exchange Commission's settlement with Elon Musk over his purchase of Twitter shares, despite expressing "significant misgivings" about the "red flags" the accord raised. U.S. District Judge Sparkle Sooknanan in Washington, D.C., said ...