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SEC v. Musk (funding secured) securities case

Brought by

US Securities and Exchange Commission

v.

Defendants

Elon Musk

The SEC charged Musk with securities fraud over his August 2018 tweets that he had funding secured to take Tesla private.

The case

Court
US District Court, Southern District of New York
Docket
1:18-cv-08865
Filed
Sep 27, 2018
Status
Settled
Outcome
Musk and Tesla each paid a $20 million penalty and Musk stepped down as Tesla chairman.
Amount
$40 million

History

4 dated entries
OrderSep 1, 2023 · 3.2y agoORDER TO TRANSFER FUNDS FOR DISTRIBUTION granting 98 Motion re: 98 MOTION Motion to Distribute Fair Fund . IT IS HEREBY ORDERED that: 1Source
OrderAug 24, 2023 · 3.2y agoORDER taking under advisement 98 Motion re: 98 MOTION Motion to Distribute Fair Fund . The parties shall inform the Court by September 28, 2023 whether they intend to oppose the moSource
SettlementSep 29, 2018 · 8.1y agoMusk and Tesla settle SEC chargesSource
FilingSep 27, 2018 · 8.1y agoComplaint filed: United States Securities and Exchange Commission v. MuskSource
SecuritiesActiveNov 17 · in 8dIn re Seagate Technology Holdings plc Securities LitigationOn July 10, 2023 and July 26, 2023, two securities class action lawsuits were filed in the U.S. District Court for the Northern District of California against Seagate Technology Holdings plc, Dr.Final approval motion hearingN.D. Cal.filed Jul 2023SecuritiesActiveMay 20, 2027 · in 6moIn re NVIDIA Corporation Securities LitigationLitigation Securities Class Action and Derivative Lawsuits The plaintiffs in the putative securities class action lawsuit, captioned 4:18-cv-07669-HSG, initially filed on December 21, 2018 in the United States District Court for the Northern District of…Motion hearingN.D. Cal.filed Dec 2018SecuritiesActiveUnverifiedfiled Sep 2026Talbot sued v. AppLovin CorporationSued under the Securities Exchange Act.N.D. Cal.SecuritiesActiveUnverifiedfiled Aug 2026Bruce sued v. Intuit Inc.Sued under the Securities Exchange Act.N.D. Cal.SecuritiesActiveUnverifiedfiled Aug 2026In Re Soundhound Ai, INC. Demand Refused Derivative LitigationSued under the Securities Exchange Act.N.D. Cal.SecuritiesActivefiled Jul 2026Baldwin sued v. Intuit Inc.On July 10, 2026 and August 17, 2026, two purported shareholder class actions were filed in the United States District Court for the Northern District of California against the Company and certain members of management.N.D. Cal.SecuritiesActiveUnverifiedfiled May 2026Smith sued v. Snowflake, Inc.Sued for securities fraud.N.D. Cal.SecuritiesActiveUnverifiedfiled Apr 2026The Arbitrage Fund sued v. Activision Blizzard, Inc.Sued under the Securities Exchange Act.D. Del.
Caption and links

United States Securities and Exchange Commission v. Musk

Full docket on CourtListener