Tesla's Elon Musk avoids a federal contempt charge, for now

Tesla's Elon Musk avoids a federal contempt charge, for now

5 years ago
Anonymous $syBn1NGQOq

https://www.cnet.com/roadshow/news/elon-musk-tesla-federal-court-contempt-sec/

Judge Nathan gave the two parties two weeks to come to an agreement, and if they are unable to do so, she will rule on whether or not Musk violated the terms of his deal with the SEC over fraud stemming from his "Funding secured" antics on Twitter.

"I have great respect for Judge Nathan, and I'm pleased with her decision today," Musk said in a statement to Roadshow. "The tweet in question was true, immaterial to shareholders, and in no way a violation of my agreement with the SEC. We have always felt that we should be able to work through any disagreements directly with the SEC, rather than prematurely rushing to court. Today, that is exactly what Judge Nathan instructed."

Tesla's Elon Musk avoids a federal contempt charge, for now

Apr 4, 2019, 11:31pm UTC
https://www.cnet.com/roadshow/news/elon-musk-tesla-federal-court-contempt-sec/ > Judge Nathan gave the two parties two weeks to come to an agreement, and if they are unable to do so, she will rule on whether or not Musk violated the terms of his deal with the SEC over fraud stemming from his "Funding secured" antics on Twitter. > "I have great respect for Judge Nathan, and I'm pleased with her decision today," Musk said in a statement to Roadshow. "The tweet in question was true, immaterial to shareholders, and in no way a violation of my agreement with the SEC. We have always felt that we should be able to work through any disagreements directly with the SEC, rather than prematurely rushing to court. Today, that is exactly what Judge Nathan instructed."