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.…