Musk’s lawyers say tweet complied with SEC fraud settlement
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

Photo: OnInnovation

You can claim CPD minutes for reading this article, by signing up to our CPD Wallet

No Responses to “Musk’s lawyers say tweet complied with SEC fraud settlement”

You must be logged in to post a comment.

This site uses Akismet to reduce spam. Learn how your comment data is processed.