A judge is making Elon Musk and the SEC defend their Twitter settlement in court today
A judge is making Elon Musk and the SEC defend their Twitter settlement in court today
U.S. District Judge Sparkle Sooknanan must weigh fairness, public interest, and possible collusion before approving the deal
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Attorneys for Elon Musk and the U.S. Securities and Exchange Commission appeared before a federal judge in Washington, D.C., on Wednesday to argue in support of their $1.5 million settlement over Musk's purchase of Twitter $TWTR stock.
Before she will approve the deal, Judge Sooknanan has said she intends to evaluate the settlement on multiple grounds — among them whether both parties are treated fairly, whether ordinary investors' interests are served, and whether any improper collusion or corruption played a role in reaching the agreement.........
