Loading...
Loading...
Browse all stories on DeepNewz
VisitWhat will be Elon Musk's next legal move against the SEC by April 30, 2025?
File a countersuit • 25%
Seek settlement • 25%
Publicly criticize without legal action • 25%
Other legal actions • 25%
Court filings or public statements from Musk's legal team
Elon Musk Rejects SEC Settlement, Faces Charges Over Twitter Acquisition Amid Neuralink Probe
Dec 13, 2024, 11:00 AM
Elon Musk has escalated his ongoing feud with the U.S. Securities and Exchange Commission (SEC) by disclosing a letter from his attorney, Alex Spiro, which alleges that the SEC has reopened an investigation into Neuralink, Musk's brain-computer interface company. The letter also reveals that the SEC issued a 'settlement demand' to Musk, requiring him to agree to a monetary payment within 48 hours or face charges on multiple counts related to his acquisition of Twitter, now known as X. Spiro accused the SEC of engaging in a 'misguided scheme' and an 'improperly motivated campaign' against Musk, suggesting potential involvement from the White House. The SEC's actions come after a history of disputes with Musk, including a 2018 settlement over his tweets about taking Tesla private. Musk has expressed his disdain for the SEC, and the agency's recent moves have reignited tensions, especially as Musk has become a significant political donor and is expected to gain influence under the incoming Trump administration. Spiro was subpoenaed by the SEC but refused to comply, and the SEC Chair, Gary Gensler, is set to resign when President-elect Donald Trump takes office.
View original story
Agrees to settlement • 25%
No response • 25%
Challenges in court • 25%
Negotiates for reduced penalty • 25%
Reject settlement and fight charges • 25%
Accept settlement • 25%
Negotiate different settlement • 25%
No public response • 25%
Other outcome • 25%
Settlement with monetary penalty • 25%
Formal charges filed • 25%
No action taken • 25%
Yes • 50%
No • 50%
Other penalties imposed • 25%
Investigation ongoing • 25%
No action taken • 25%
Fines imposed • 25%
No further action • 25%
Other • 25%
Settlement reached • 25%
New charges • 25%
Settlement • 25%
Ongoing Negotiations • 25%
Dismissal • 25%
Litigation • 25%
Yes • 50%
No • 50%
No • 50%
Yes • 50%
No • 50%
Yes • 50%
Other outcomes • 25%
Resigns and replaced by Trump appointee • 25%
Resigns and replaced by interim chair • 25%
Does not resign by deadline • 25%