Elon Musk settles lawsuit over Twitter takeover
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The post Musk Finally Closes the SEC Chapter with a $1.5M Settlement appeared first on Android Headlines.
Musk alleges the plaintiffs, who previously held shares of Twitter Inc., hadn't met their burden of proof at trial for any of the necessary elements of a securities fraud claim.
Just days before the trial started, Elon Musk tried to settle his lawsuit, which alleges that under Sam Altman’s direction, OpenAI abandoned its mission to serve as a nonprofit making AI to benefit humanity.
Elon Musk is suing OpenAI, alleging it abandoned its non-profit mission for a for-profit model influenced by Microsoft. To defend against Musk, OpenAI CEO Sam Altman has enlisted William Savitt, a top litigator who previously forced Musk to complete his $44 billion Twitter acquisition.