SEC order said that in 2019 UPS determined that its freight division was likely to sell for no more than about $650 million.
UPS must pay $45M to U.S. settle charges that it improperly valued its freight division
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“As the company’s chief technical officer, Musk surely was already aware by then that SpaceX was targeting the morning of his SEC testimony for the launch,” the SEC said in the court filing.
SEC aims to punish Elon Musk for avoiding Twitter takeover testimony
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