SEC, Elon Musk agreed to settle lawsuit over Twitter buyout
Springfield Business Journal
The SEC and Elon Musk have settled a lawsuit regarding the 2022 Twitter acquisition.Summary
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 that Musk violated securities law in the run-up to the acquisition of Twitter, now X. As part of the settlement, Musk's revocable trust is slated to pay a $1.5 million civil penalty.
(Source：Springfield Business Journal)