Articles Tagged: District Of Columbia
A federal judge in Washington, D.C. has approved the SEC’s settlement with Elon Musk over allegations that he failed to timely disclose his early purchases of Twitter stock, but not without an unusually pointed warning. U.S. District Judge Sparkle Sooknanan signed off on the deal while stating she had “significant misgivings” and saw potential “red flags” in the resolution.
The settlement requires a trust in Musk’s name to pay $1.5 million and resolves claims tied to delayed beneficial ownership disclosures.
A federal judge in Washington has delivered an unusually sharp rebuke in litigation tied to President Donald Trump, ruling that a $10 billion lawsuit against the Internal Revenue Service was brought for an improper purpose and appeared aimed at giving legal cover to a settlement that would grant special benefits to Trump-affiliated parties.
The ruling goes beyond dismissal or adverse merits findings.

Stay Connected