Topic
sec-settlement
2 stories related to this topic, newest first.
Tesla Owners Club Belgium / Wikimedia (CC BY 2.0)finance21 hrs ago
SEC and Elon Musk Settle Twitter Stake Disclosure Lawsuit for $1.5 Million Fine
The U.S. Securities and Exchange Commission has agreed to settle its lawsuit against Elon Musk accusing him of violating securities laws by delaying disclosure of his Twitter stake in 2022. Musk's revocable trust will pay a $1.5 million civil penalty without admitting wrongdoing,…
SA
European Commission - Photographer: Aurore Martignoni / Wikimedia (CC BY 4.0)politics1 day ago
OpenAI Lawsuit Claims Deviation from Nonprofit Mission in Brockman Testimony
OpenAI President Greg Brockman testified that his equity stake in the company is worth up to $30 billion, defending his compensation amid Elon Musk's lawsuit accusing company leaders of abandoning its nonprofit mission. The trial in Oakland examines OpenAI's shift to a for-profit…