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A judge could yet tear up Elon Musk’s settlement with the SEC

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A US federal judge has demanded Elon Musk and the Securities and Exchange Commission (SEC) justify their settlement over the Tesla privatisation fiasco. Judge Alison Nathan said the court needs to see justification that the settlement is 'fair and reasonable.'

 

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Elon Musk’s SEC Deal Seen as Diminishing Threat of Criminal ProbeElon Musk’s decision to pay $20 million to end a civil investigation into his tweets about taking Tesla private reduces the chance that prosecutors will go after him, according to former prosecutors and other criminal-law experts. Let’s wait and see. Well ya he resigned and paid 20 million TooBigToJail
Source: WSJ - 🏆 98. / 63 Read more »