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U.S. Judge approves payouts from Elon Musk's SEC settlement

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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 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. Musk did not in fact have funding lined up, and many investors suffered losses because the tweet made Tesla's stock price more volatile.

Veteran Reporter Sues Police Over ‘Shocking’ Kansas Newspaper Raid

Photo Illustration by Thomas Levinson/The Daily Beast/Getty/Court DocumentsA Marion County Record reporter involved in the raid on the Kansas newspaper’s office has filed a federal lawsuit against the police department and its chief, alleging that the controversial incident caused her emotional distress and a physical injury.

 

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