A federal appeals court says Elon Musk cannot back out of a settlement with securities regulators over 2018 tweets claiming he had the funding to take Tesla private.
Twitter, now X. Corp, and Tesla CEO Elon Musk poses prior to his talks with French President Emmanuel Macron, Monday, May 15, 2023 at the Elysee Palace in Paris. More than 200 international business leaders are expected Monday at the 'Choose France' event staged at the palace of Versailles this afternoon to promote foreign investment.
Musk had challenged a lower court judge’s ruling last year requiring him to abide by the deal on the grounds that circumstances have changed and because the decree contains a “prior restraint” that Musk contends violates the First Amendment. Instead, it said, the SEC had opened “just three inquiries into Musk's tweets since 2018” and each challenged tweet “plausibly violated the terms of the consent decree.”
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Federal Appeals Court says Elon Musk must abide by SEC settlement over 2018 tweetsA federal appeals court says Elon Musk cannot back out of a settlement with securities regulators over 2018 tweets claiming he had the funding to take Tesla private
Read more »
Elon Musk must still have his tweets approved by Tesla lawyer, federal appeals court rulesA federal appeals court says Elon Musk cannot back out of a settlement with securities regulators over 2018 tweets claiming he had the funding to take Tesla private
Read more »
Elon Musk must still have his tweets approved by Tesla lawyer, federal appeals court rulesElon Musk cannot back out of a settlement with securities regulators that was reached after his 2018 tweets claiming he had secured funding to take Tesla private caused the electric vehicle maker’s share price to jump and led to a temporary halt in trading, an appeals court ruled Monday.
Read more »
Elon Musk is giving Tesla shareholders reason for bullishnessInsider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Read more »
Musk loses appeal of SEC ‘Twitter Sitter’ ruling on Tesla tweets - AutoblogA federal appeals court rejected Elon Musk’s challenge to his 2018 agreement with the SEC requiring his Twitter posts about Tesla to be screened.
Read more »
Elon Musk still needs 'Twitter sitter,' judge rulesElon Musk had been fighting to unwind parts of a settlement agreement he and Tesla struck with the SEC over civil securities fraud charges in 2018.
Read more »