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Tesla CEO Elon Musk, company settle fraud suit for $40M

Tesla CEO Elon Musk, company settle fraud suit for $40M

6 years ago
Anonymous $oIHRkISgaL

https://apnews.com/128cc400e4244566a2f12971e257abb9

SAN FRANCISCO (AP) — Tesla CEO Elon Musk and the electric car company have agreed to pay a total of $40 million and make a series of concessions to settle a government lawsuit alleging Musk duped investors with misleading statements about a proposed buyout of the company.

The Securities and Exchange Commission announced the settlement Saturday, just two days after filing a case seeking to oust Musk as CEO.

Tesla CEO Elon Musk, company settle fraud suit for $40M

Sep 29, 2018, 10:20pm UTC
https://apnews.com/128cc400e4244566a2f12971e257abb9 > SAN FRANCISCO (AP) — Tesla CEO Elon Musk and the electric car company have agreed to pay a total of $40 million and make a series of concessions to settle a government lawsuit alleging Musk duped investors with misleading statements about a proposed buyout of the company. > The Securities and Exchange Commission announced the settlement Saturday, just two days after filing a case seeking to oust Musk as CEO.