OpenAI, Elon Musk and Company President
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The penalty ends a long‑running SEC fight over Musk’s Twitter stock disclosure — and leaves bigger legal questions unresolved.
Elon Musk texted Greg Brockman, OpenAI's president, to gauge his interest in a settlement, according to a filing late Sunday. Musk sent the text two days before his lawsuit against OpenAI was scheduled to head to trial in federal court in Oakland,
Elon Musk has agreed to pay a civic penalty in order to settle a lawsuit alleging that he intentionally cheated Twitter shareholders out of millions of dollars. The US Securities and Exchange Commission’s civil lawsuit accused the world’s richest person of waiting 11 days too long to disclose that he had passed the 5 per cent ownership threshold of Twitter during his purchase of the platform in 2022.
An SEC filing noted Musk's realized compensation was actually zero since no shares have vested.
The Trump administration is letting Elon Musk pay a $1.5 million fine to settle a lawsuit that originally sought at least $150 million. If approved by a federal court, the proposed settlement submitted yesterday would require a trust in Musk’s name to pay a $1.
OpenAI President Greg Brockman told the jury about an explosive meeting with Musk days after celebratory drinks at the Tesla CEO's 'haunted mansion.'
Nonprofit Citizens for Constitutional Integrity released the first batch of emails from federal workers responding to Elon Musk's DOGE directive.
The SEC and Elon Musk agreed to settle a lawsuit filed by the regulator last year against the world's richest person.
Elon Musk pressured OpenAI leaders to cut a deal on the eve of their high-profile court battle – warning cofounder Greg Brockman that he and Sam Altman were about to become the “the most hated men in America,
Tech mogul Elon Musk, the world’s wealthiest individual with a net worth currently estimated at $659 billion, agreed to pay a $1.5 million civil penalty to settle an SEC lawsuit accusing him of failing to properly disclose stock he was amassing in Twitter in violation of securities laws.
Grok’s average number of daily active users on mobile apps dipped 12.5% between March and April, while competitor Claude’s app users rose 44% over the same period, according to data from Similarweb.