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US judge delays SEC settlement with Elon Musk over Twitter stake
short by Jessica Rajan / on Saturday, 9 May, 2026
A US judge has declined to immediately approve the SEC's $1.5 million settlement with Elon Musk over his Twitter purchase. The judge has sought more details on how the deal was reached and whether it is fair. The case alleges Musk delayed disclosing his 5% stake in Twitter, allowing him to continue buying shares before revealing a larger 9.2% stake.
read more at Reuters