. In a letter to Judge Alison Nathan, the SEC refutes Musk’s allegations that it’s ignoring its commitment to distribute $40 million in fine money to Tesla shareholders, which Musk and Tesla had paid as part of a 2018 settlement.“Given the complexity of the distribution, it has taken time to develop the plan of allocation,” SEC official Steve Buchholz writes in the letter.
Musk’s complaints were included in a letter that his attorney, Alex Spiro, submitted to the court on his behalf. It concerns a 2018 settlement — also overseen by Judge Nathan — in which the SEC charged Musk for securities fraud after tweeting that
Four years to formulate a plan to distribute the money. Sounds legit?! 🤔
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