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 entriesORDER TO TRANSFER FUNDS FOR DISTRIBUTION granting 98 Motion re: 98 MOTION Motion to Distribute Fair Fund . IT IS HEREBY ORDERED that: 1Source
ORDER 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
Musk and Tesla settle SEC chargesSource
Complaint filed: United States Securities and Exchange Commission v. MuskSource
Related cases
Caption and links
United States Securities and Exchange Commission v. Musk
Full docket on CourtListener