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US SEC and Elon Musk push 1.5 million settlement over Twitter stake disclosure delay
International
Published on 13 May 2026
The SEC claims Musk avoided a huge benefit
Attorneys for the US SEC and Elon Musk will argue for a $1.5 million settlement before a DC judge over Musk’s delayed disclosure of a 5% stake in Twitter. The SEC lawsuit alleges that by not reporting it promptly in April 2022, Musk avoided costs worth about $150 million. The hearing focuses on whether the settlement is acceptable and how it ends the dispute.
- SEC and Musk will argue for a $1.5 million settlement
- Dispute stems from delayed disclosure of a 5% Twitter stake
- SEC alleges delayed reporting helped Musk by about $150 million
- A DC judge will review and potentially approve the settlement
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times