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SEC and Musk discuss ‘potential resolution’ to lawsuit

The SEC and Elon Musk are in talks to settle the agency’s lawsuit accusing the world’s richest person of waiting too long in 2022 to disclose his initial purchases of Twitter, which he eventually purchased for $44bn. In a court filing, the SEC and Musk said ?they are “engaged in discussions of a potential resolution that would mean further proceedings might not be necessary.”