“The SEC will press hard on this,” said Stephen Crimmins, a former agency enforcement lawyer who is now a partner at Murphy & McGonigle. “Disobeying an order of the court is an insult to the court and the judge. So the court has to take this seriously.”
At the SEC’s request, U.S. District Judge Alison Nathan in Manhattan ordered Musk to explain by Monday why he shouldn’t be held in contempt of court. In an earlier settlement over his August tweets, Musk was fined $20 million, forced to give up his job as Tesla chairman, and required to consult a so-called Twitter Sitter before posting statements about the company on social media.
‘Enforcement 40’ for 2020
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