A federal judge approved the Securities and Exchange Commission’s (SEC) $1.5 million settlement with Elon Musk on Wednesday, saying the agreement did not meet the “high threshold” for the court to strike it down despite “significant misgivings.”
The final approval of the settlement, which the SEC first announced in May, resolves a yearslong dispute with the tech mogul.
After a nearly three-year probe, the agency sued Musk in January 2025 for failing to disclose when his stake in Twitter, now known as X, surpassed 5 percent as he bought up stock in the company in early 2022.
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