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There was tons of Malarkey, but it’s mostly over. Musk was offered a settlement, he refused at the 11th hour, the SEC threatened to sue for everything, then he
by village-idiot 8y ago
There was tons of Malarkey, but it’s mostly over.
Musk was offered a settlement, he refused at the 11th hour, the SEC threatened to sue for everything, then he settled for a higher amount than the initial offer.
What remains is convincing a judge that the settlement is just.
- toomuchtodo 8y ago> What remains is convincing a judge that the settlement is just. "Judge approves Elon Musk's settlement with SEC" (Published 9:36 AM ET Tue, 16 Oct 2018 Updated 3:29 PM ET Tue, 16 Oct 2018) https://www.cnbc.com/2018/10/16/judge-approves-elon-musks-settlement-with-sec.html https://www.cnbc.com/2018/10/16/judge-approves-elon-musks-se...
- village-idiot 8y agoAh, missed that. The malarkey is over then.
- brisance 8y agoIt depends on whether Musk stays within the terms of the settlement, and whether the SEC has the courage to pursue any breaches. The SEC is not exactly at the forefront of enforcement though, despite its title. The Madoff Ponzi scheme was discovered by Harry Markopolos, who reported it to the SEC, and the SEC sat on it for many years before any action was taken.