Judge probes whether Musk settlement with Trump admin is tainted by corruption
Musk, SEC ordered to answer questions
After yesterday’s hearing, Sooknanan issued a short order telling attorneys for Musk and the SEC to submit a brief by June 1 “addressing the Court’s questions as stated on the record at today’s hearing.” Bloomberg’s report said Sooknanan told attorneys that the brief should explain “how the parties reached the deal, including why the proposed settlement involves a trust tied to Musk instead of the billionaire himself.”
SEC attorney Nicholas Grippo told the judge, “These are important, fair questions. Happy to answer them,” according to Bloomberg. The SEC historically operated with independence from the White House until Trump issued an executive order declaring that independent agencies must take orders from the president.
In a previous orderlast week, Sooknanan said that precedents require the court to consider whether “the settlement is fair, adequate, reasonable and appropriate under the particular facts,” “whether it resolves the...
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