Elon Musk Trust to Pay $1.5 Million to End US SEC Lawsuit Over Twitter Share Purchases
WASHINGTON — Billionaire entrepreneur Elon Musk has agreed to a settlement in a US government lawsuit related to his acquisition of Twitter, now known as X, over alleged violations of stock disclosure rules during the 2022 takeover process. Under the agreement filed in a Washington federal court, Musk’s trust will pay a $1.5 million penalty…
