A group of Tesla shareholders suing CEO Elon Musk over some 2018 tweets about taking the company private is asking a federal judge to order Musk to stop commenting on the case.
In court documents filed Friday, lawyers for the Tesla shareholders alleged that Musk is trying to influence potential jurors in the lawsuit. They contend that Musk's 2018 tweets about having the money to take Tesla private at $420 per share were written to manipulate the stock price, costing shareholders money.“Musk's comments risk confusing potential jurors with the false narrative that he did not knowingly make misrepresentations with his Aug. 7, 2018 tweets,” the lawyers wrote.
Alex Spiro, a lawyer representing Musk, wrote in an email Sunday that the plaintiffs' lawyers are seeking a big payout. “Nothing will ever change the truth, which is that Elon Musk was considering taking Tesla private and could have,” he wrote. “All that's left some half-decade later is random plaintiffs lawyers trying to make a buck and others trying to block that truth from coming to light, all to the detriment of free speech.
Judge Chen's order, issued April 1, was not in the public court file as of Sunday. Adam Apton, a lawyer for the shareholders, said it was sealed because it has evidence that Musk and Tesla say is confidential. It will stay sealed until the parties agree if anything should remain sealed, he wrote in an email. “Our motion for TRO accurately desribes the issues decided by the court,” Apton wrote.
If Musk violates the agreement, the SEC may ask the court to scrap it and restore the securities fraud complaint, the agreement says. A message was left Sunday seeking comment from the SEC.
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.
Tesla stockholders ask judge to silence Elon Musk in 'funding secured' fraud caseLawyers for Tesla stockholders also say in court documents that the judge in the case has ruled that Elon Musk’s tweets about having “funding secured” to take Tesla private were false.
Read more »
Tesla Stockholders Ask Judge to Silence Elon Musk in Fraud CaseA group of Tesla shareholders suing CEO Elon Musk over some 2018 tweets about taking the company private is asking a federal judge to order Musk to stop commenting on the case.
Read more »
Tesla stockholders ask judge to silence Elon Musk in fraud caseThe court action came just days after Musk, the world’s richest person, made a controversial offer to take over Twitter and turn it into a private company with a $43 billion offer that equals $54.20 per share.
Read more »
Elon Musk agrees with tweet saying 'game is rigged' if he can't buy TwitterElon Musk's tumultuous bid to buy Twitter continued Saturday when the Tesla CEO took to Twitter to agree with claims that the “game is rigged” if his attempts fail.
Read more »
What Elon Musk understands about TwitterRegardless of whether Elon Musk ends up buying Twitter and taking the company private, he will have performed a very helpful service by exposing just how much the Left depends on Big Tech to control public narratives and silence dissent.
Read more »
Twitter adopts 'poison pill' to prevent Elon Musk takeoverTwitter's board of directors has unanimously adopted a limited duration shareholder rights plan following Tesla CEO Elon Musk's $54.20 per share offer to take the social media giant private.
Read more »