Elon Musk has won a legal battle against the US Securities and Exchange Commission (SEC) as a court ruled in his favor. The SEC had requested sanctions against Musk regarding the $44 billion X acquisition deal, but the court refused. The judge said there was no need to sanction Musk because he had already reimbursed the Commission $2,923 for airfare and had later met with the SEC lawyers for his testimony.
Musk’s victory against the SEC is his second legal win within a week, as investors in the Dogecoin manipulation lawsuit withdrew their appeal last week. Meanwhile, the SEC’s Chief Legal Officer, Stuart Alderoty, has called on Musk to probe the Commission’s spending, as he believes they have misused taxpayer funds for unnecessary enforcement actions.
In a separate legal victory, US President-elect Donald Trump’s sentencing hearing in his hush-money case has been delayed to allow him to argue for dismissal before his inauguration.