Elon Musk To Pay $1.5 Million To Settle SEC Case Over Delayed Twitter Share Disclosure

A US judge approved a $1.5 million settlement between Elon Musk and the SEC concerning delayed Twitter share disclosures. Although Judge Sparkle L. Sooknanan granted the approval, the court expressed significant misgivings regarding how the agreement was negotiated. The judge explicitly noted that the settlement was not run-of-the-mill, indicating concerns over the process while still allowing the financial resolution to proceed to finalize the case regarding the disclosure of shares in Twitter.