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Join the Securities Litigation and Enforcement Group on LinkedInElon Musk says he doesn’t want to be a CEO, walks back SEC insults
As part of a settlement agreement, Tesla and Musk agreed to pay a $20 million fine, Musk had to give up his role as chairman at Tesla for three years and agreed not to claim innocence or deny the SEC’s allegations. Musk and Tesla also committed to have the CEO’s tweets vetted by a securities […]
Elon Musk files appeal to end SEC decree over Twitter posts | Reuters
Elon Musk on Wednesday appealed a judge’s refusal to end his 2018 agreement with the U.S. Securities and Exchange Commission requiring a Tesla Inc (TSLA.O) lawyer to vet some of his posts on Twitter. According to a court filing, Musk will ask the 2nd U.S. Circuit Court of Appeals in Manhattan to overturn the April […]
S.E.C. Broadens Inquiry Into Elon Musk’s Disclosures About Twitter – The New York Times
The Securities and Exchange Commission has broadened its inquiry into whether Elon Musk properly disclosed his investment in Twitter and his intentions for the social media company, the agency revealed on Thursday in a filing. The agency raised questions about a tweet from Mr. Musk in May in which the billionaire claimed his $44 billion […]
The Price of Not Buying Twitter – Bloomberg
Anyway, these outcomes are bad — everything is bad — but they are better than the binary outcomes in court, and I suppose it would be good if one of them happened. 7 If Musk wrote Twitter a check that was much bigger than $1 billion, then Twitter’s shareholders would be, not made whole, but at least […]
Tesla investor sues Elon Musk, claims tweets violate SEC settlement
Tesla chief executive Elon Musk and the board of the electric car company have been sued by a shareholder who accused Musk of violating his 2018 settlement with the Securities and Exchange Commission over his Twitter use. According to a complaint unsealed late Thursday in Delaware Chancery Court, Musk’s “erratic” tweets, including a post last May […]