Daily Archives: February 27, 2019, 10:01 am

SEC claim that Elon Musk in contempt of court highly unusual – Business Insider

The Securities and Exchange Commission’s (SEC) allegation that Tesla CEO Elon Musk is in contempt of the federal court that approved a settlement between Musk and the agency is highly unusual, the former SEC senior counsel Thomas Gorman told Business Insider. Being in contempt of court means either misbehaving in a courtroom or deliberately disobeying a court order (the SEC…

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Tesla’s fortunes spin after SEC says Elon Musk violated a tweet deal – GeekWire

The SEC seized on the initial tweet, and within days investigators were asking Tesla whether the tweet had been pre-approved. In court filings (which Tesla had sought to make confidential), Bradley Bondi, a lawyer for Tesla, acknowledged that the first tweet had not been specifically pre-approved. Instead, it “was intended to recapitulate the information set forth” in forward-looking statements that…

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