Reuters: U.S. judge approves payouts from Elon Musk’s SEC settlement

Reuters: U.S. judge approves payouts from Elon Musk’s SEC settlement. “A federal judge on Friday authorized the payout of $41.53 million to investors who lost money when Elon Musk tweeted about taking his electric car company Tesla (TSLA.O) private. Payouts will come from a ‘fair fund’ created under a settlement between Musk and the U.S. Securities and Exchange Commission, arising from Musk’s August 2018 post on Twitter that he had ‘funding secured’ for a Tesla buyout.”