Trump SEC lets Musk settle $150 million Twitter lawsuit for $1.5 million
Summary
Ars Technica reports that the Trump administration would let Elon Musk settle a Twitter-related SEC case for $1.5 million via a trust, instead of the originally sought $150 million. The SEC alleged late disclosure of Musk's 9% Twitter stake in 2022 under Section 13(d), asserting it could have affected stock prices. The piece also notes related litigation over bot counts and potential shareholder damages.