UNITED STATES DISTRICT COURT
SOUTHERN DISTRICT OF NEW YORK
____________________________________________
:
UNITED STATES SECURITIES AND :
EXCHANGE COMMISSION :
:
Plaintiff, :
:
vs. : No. 1:18-cv-8865-AJN-GWG
:
ELON MUSK :
:
Defendant. :
__________________________________________:
CONSENT MOTION FOR ENTRY OF FINAL JUDGMENT
Plaintiff United States Securities and Exchange Commission (the “Commission”)
respectfully submits this consent motion to enter final judgment according to the parties’
settlement. In support of this motion, the Commission states the following:
1. On September 27, 2018, the Commission filed a Complaint against Defendant
Musk alleging violations of the federal securities laws.
2. The parties have reached a settlement agreement in this case. Attached hereto as
Exhibit 1 is the executed Consent of Defendant Elon Musk, setting forth the terms of his
settlement with the Commission.
3. Attached hereto as Exhibit 2 is the proposed Final Judgment to which Defendant
Musk agreed. The proposed Final Judgment would permanently enjoin him from violating
Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5. It would also order him to
pay a penalty of $20,000,000 and to comply with the undertakings detailed in the Final
Judgment.
Case 1:18-cv-08865-AJN Document 6 Filed 09/29/18 Page 1 of 2