Judge approves SEC settlement with Elon Musk
She further opined that voters could render their own judgment on the matter at the ballot box.
A judge this week approved a $1.5 million settlement between Elon Musk and the Securities and Exchange Commission (SEC) over his purchase of Twitter.
At issue was Musk's failure to disclose his purchases of Twitter stock when he attained 5% control of the company in 2022. Musk later purchased the company outright and has since rebranded it as X.
U.S. District Judge Sparkle Sooknanan approved the settlement, saying she had "significant misgivings" but that the threshold to strike down the settlement was not met, The Hill reported.
She further opined that voters could render their own judgment on the matter at the ballot box.
Musk's purchase of Twitter, its rebrand, and his overhaul of its content moderation guidelines have attracted scrutiny for years, with many left-leaning organizations leaving the site over its permissive approach to posting.
Ben Whedon is the Chief Political Correspondent for Just the News. Follow him on X.
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