Payouts expected from Elon Musk's SEC settlement
Investors who lost money when Elon Musk tweeted about taking Tesla private may soon receive a $41.53 million payout as part of a settlement for federal securities fraud charges.
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Posted 8/24/2023, 3:21:00 PM
reuters.com
Relevant topic timeline:
Elon Musk's company, X (formerly known as Twitter), is facing 2,200 arbitration cases from former employees seeking their promised severance, which could cost the company over $3.5 million in filing fees alone.
Elon Musk withdrew a $1 billion loan from SpaceX at the same time he acquired Twitter for $44 billion, complicating his financial situation.
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