13 Mar 2019
AP — Tesla CEO Elon Musk should not be found in contempt of court because he has complied with the terms of a securities fraud settlement, his attorneys wrote in documents filed Monday night with the U.S. District Court in Manhattan.
Musk’s lawyers wrote that a Feb. 19 tweet merely restated prior disclosures on electric car production volumes. They wrote that the tweet after the markets closed did not reveal material information, nor did it alter the mix of data available to investors.
The lawyers also accused the Securities and Exchange Commission of censorship and of violating Musk’s First Amendment rights.
Link to AP
You can claim CPD minutes for reading this article, by signing up to our CPD WalletFREE CPD Wallet