Money
Briefing: Elon Musk’s lawyers sidestepped SEC team in Twitter case settlement talks
Strategic angle: Lawyer for billionaire Tesla founder told judge they attempted to resolve matter without Wall Street watchdog’s counsel
editorial-staff
1 min read
Updated 25 days ago
Elon Musk's attorneys informed the court that they attempted to negotiate a settlement in the ongoing Twitter case without the participation of the Securities and Exchange Commission (SEC).
This approach may have implications for regulatory oversight and the established protocols for such negotiations, typically involving the SEC as a key stakeholder.
The absence of SEC counsel in these discussions could affect the framework of compliance and governance in future dealings related to Musk's business interests.