Lawrence Hurley covers the Supreme Court for NBC News.
WASHINGTON — The Supreme Court on Monday turned away tech billionaire and Tesla CEO Elon Musk's attempt to challenge the terms of an agreement he reached with the Securities and Exchange Commission that required a lawyer to review some of his social media posts. The justices rejected Musk's appeal of a ruling by the New York-based 2nd U.S. Circuit Court of Appeals in favor of the government agency.
The agency said the tweets were 'materially false and misleading' in violation of securities law. Musk agreed to settle a civil securities action brought by the SEC. As part of that agreement, he signed off on the social media provision. In a separate civil case, a jury last year found that Musk was not liable for misleading investors. Now, Musk is saying that the limits on his speech are unconstitutional and says he was effectively coerced into agreeing to it.
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