This is the new MLex platform. Existing customers should continue to use the existing MLex platform until migrated.
For any queries, please contact Customer Services or your Account Manager. Dismiss

Musk 'irrevocably' commits not to pocket OpenAI, Microsoft disgorgement billions

By Mike Swift ( April 21, 2026, 19:41 GMT | Insight) -- Elon Musk told a California federal judge that he would "not seek an award for himself, xAI, or any fund that he controls as to his claims set for trial" next week in which he alleges OpenAI, aided by Microsoft, breached its charitable trust through its conversion to a for-profit entity. Musk will also drop two fraud claims against OpenAI, even as he asked US District Judge Yvonne Gonzalez Rogers to instruct the jury at the trial due to begin Monday to consider whether the alleged breach was a continuing violation, avoiding statute of limitations issues.Elon Musk told a California federal judge he “irrevocably commits” to receive no disgorgement proceeds if a jury finds OpenAI and Microsoft broke the law in the conversion of the ChatGPT-maker to for-profit status in a trial due to begin Monday....

Prepare for tomorrow’s regulatory change, today

MLex identifies risk to business wherever it emerges, with specialist reporters across the globe providing exclusive news and deep-dive analysis on the proposals, probes, enforcement actions and rulings that matter to your organization and clients, now and in the longer term.


Know what others in the room don’t, with features including:

  • Daily newsletters for Antitrust, M&A, Trade, Data Privacy & Security, Technology, AI and more
  • Custom alerts on specific filters including geographies, industries, topics and companies to suit your practice needs
  • Predictive analysis from expert journalists across North America, the UK and Europe, Latin America and Asia-Pacific
  • Curated case files bringing together news, analysis and source documents in a single timeline

Experience MLex today with a 14-day free trial.

Start Free Trial

Already a subscriber? Click here to login

Related Sections