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July 9, 2026
Judge Approves $1.5 Million Settlement Over Musk's Twitter Stake Disclosure
- Judge Sparkle Sooknanan approved the settlement but voiced serious concerns about its fairness.
- The settlement addresses allegations that Musk delayed disclosing his stake in Twitter, potentially saving him $150 million.
- Musk's attorney claims the settlement clears him of all related issues, with the fine paid by a trust rather than Musk directly.
2 Sources
- Judge approves SEC settlement with Musk despite 'significant misgivings'Jul 9, 2026 at 2:14 PM · The Hill
- Judge has ‘serious misgivings’ about a $1.5M fine over Elon Musk’s Twitter takeover - but approves it anywayJul 9, 2026 at 10:27 PM · Independent