US judge greenlights Musk's SEC settlement regarding Twitter stock acquisition
On Wednesday, a US court gave the go-ahead to Elon Musk’s agreement with the Securities and Exchange Commission concerning his acquisition of Twitter shares. Although the judge signed off on the deal, they noted serious concerns regarding warning signs linked to the matter. The SEC investigation focused on Musk’s delay in reporting his initial Twitter holdings, an oversight the agency argued allowed him to save $150 million.
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