Elon Musk settles SEC lawsuit over Twitter disclosures, $1.5 million fine imposed
![The settlement requires approval by U.S. District Judge Sparkle Sooknanan, who in February rejected Musk’s bid to dismiss the case [File]](https://th-i.thgim.com/public/incoming/tmyda2/article70941253.ece/alternates/LANDSCAPE_1200/2026-04-30T182600Z_2057565698_RC2UZKAHO8SS_RTRMADP_3_MUSK-OPENAI-COURT.JPG "The settlement requires approval by U.S. District Judge Sparkle Sooknanan, who in February rejected Musk’s bid to dismiss the case [File]")
The settlement requires approval by U.S. District Judge Sparkle Sooknanan, who in February rejected Musk’s bid to dismiss the case [File]
| Photo Credit: REUTERS
Elon Musk settled the U.S. Securities and Exchange Commission’s civil lawsuit accusing the world’s richest person of waiting too long in 2022 to disclose his initial purchases of Twitter, now known as X.
A trust in Musk’s name will pay a $1.5 million civil fine, under the settlement disclosed on Monday in the Washington, D.C., federal court.
Published – May 05, 2026 10:59 am IST
