Link: Elon Musk will settle the feds’ Twitter lawsuit with pocket change

On May 4, 2026, the SEC updated their lawsuit to include Elon Musk's Revocable Trust as a defendant related to Twitter, Inc. stock transactions. The trust allegedly did not report owning over five percent of Twitter's shares in time, breaking SEC rules.

The SEC also proposed a settlement that the trust agreed to, pending court approval. This agreement would prevent further legal breaches and impose a $1.5 million penalty on the trust.

The consent decree outlines that if the court accepts the settlement, the complaint against Elon Musk individually will be dropped. Accepting this settlement would close the case completely.

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Yoooo, this is a quick note on a link that made me go, WTF? Find all past links here.