Elon Musk and the U.S. Securities and Exchange Commission defended their settlement over his purchase of Twitter shares, saying it reflected compromises and was not tainted by collusion, after the judge overseeing the case said the accord raised "red flags."
Musk called the settlement a fair, adequate and reasonable resolution where "each side gave something up and each side gained something," according to a Monday night filing in the Washington, D.C., federal court.
