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Securities Fraud
Ongoing coverage on Securities Fraud.
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Engadget
Elon Musk settles with the SEC for $1.5 million after years-long dispute over his Twitter investment
Elon Musk has reached a settlement with the Securities and Exchange Commission for $1.5 million to resolve a years-long dispute concerning his investment in Twitter. Musk did not admit any wrongdoing as part of the agreement.
PC Gamer
'If this was a trial about whether I made stupid tweets I would say I'm guilty' says Elon Musk in trial…
A Californian jury found that Elon Musk misled investors with his tweets prior to his $44 billion takeover of Twitter in 2022. While not found to have deliberately defrauded shareholders, two of Musk's tweets were deemed materially false or misleading, impacting the stock price. Musk's attorneys plan to appeal the verdict, which could result in up to $2.6 billion in damages.
