![The settlement requires approval by U.S. District Judge Sparkle Sooknanan, who in February rejected Musk’s bid to dismiss the case [File]](https://www.thehindu.com/theme/images/th-online/1x1_spacer.png "The settlement requires approval by U.S. District Judge Sparkle Sooknanan, who in February rejected Musk’s bid to dismiss the case [File]")
Elon Musk settled the U.S. Securities and Exchange Commission’s civil lawsuit accusing the world’s richest person of waiting too long in 2022 to disclose his initial purchases of Twitter, now known as X.
A trust in Musk’s name will pay a $1.5 million civil fine, under the settlement disclosed on Monday in the Washington, D.C., federal court.