Tesla faces Justice Department probe over Elon Musk statement

The Justice Department is investigating Tesla over statements CEO Elon Musk made last month about taking the company private, Tesla said. Department investigators requested documents from the company last month related to Mr. Musk’s announcement and the company has complied, Tesla said. Tesla had not “received a subpoena, a request for testimony, or any other formal process,” it said.

SeaWorld, ex-execs to pay over $5M to settle ‘Blackfish’ claim

SeaWorld and two former executives agreed to pay more than $5 million to settle federal fraud claims that they misled investors about the negative impact that the 2013 documentary “Blackfish” had on business. The U.S. Securities and Exchange Commission filed the complaint in federal court in New York as well as the proposed settlements, which are subject to court approval.

Visa, Mastercard to pay $6.2B in suit over fees to merchants

Visa and Mastercard will pay $6.2 billion to settle part of a long-running lawsuit brought by merchants over fees on credit card transactions. Visa says it will pay $4.1 billion, and Mastercard will pay about $900 million. The two companies say they’ve set aside money to cover the payment. A group of 19 merchants and trade groups alleged Visa and Mastercard conspired to fix fees that are charged to stores for handling credit card payments.