Topic
sec-settlement
3 stories related to this topic, newest first.
thehindubusinessline.comfinance37 days ago
Gautam Adani and Nephew Pay $18 Million to Settle SEC Civil Fraud Allegations
Indian billionaire Gautam Adani and his nephew Sagar Adani have reached a settlement with the U.S. Securities and Exchange Commission over allegations they misled investors in connection with a bribery scheme tied to Indian solar contracts. Gautam Adani will pay a $6 million pena…
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cnbc.comfinance47 days ago
SEC and Elon Musk Settle Lawsuit Over Twitter Stake Disclosure
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,…
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Wiredpolitics48 days ago
OpenAI Sued Over Alleged 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…