Judge quashes Elon Musk’s attempt to end SEC settlement over Tesla tweets

Judge quashes Elon Musk’s attempt to end SEC settlement over Tesla tweets

2 years ago
Anonymous $xqL1ZTchGQ

https://techcrunch.com/2022/04/27/judge-quashes-elon-musks-attempt-to-end-sec-settlement-over-tesla-tweets/

Elon Musk’s attempt to terminate a 2018 settlement with the U.S. Securities and Exchange Commission that requires oversight of some of his Tesla-related tweets has failed.

U.S. District Judge Lewis Liman denied Wednesday a motion made by Musk’s lawyers to end the 2018 consent decree over allegations that the SEC had misused it to “launched endless, boundless investigation” of Musk’s speech and intrudes on his First Amendment right to free speech. Musk’s lawyers had also argued that the consent decree was “extracted from Musk through the exercise of economic duress.” Musk recently brought up this point during a TED Conference interview saying he was forced to agree to the settlement with the SEC to save Tesla, noting it was “like having a gun to your child’s head.”

Judge quashes Elon Musk’s attempt to end SEC settlement over Tesla tweets

Apr 27, 2022, 6:43pm UTC
https://techcrunch.com/2022/04/27/judge-quashes-elon-musks-attempt-to-end-sec-settlement-over-tesla-tweets/ > Elon Musk’s attempt to terminate a 2018 settlement with the U.S. Securities and Exchange Commission that requires oversight of some of his Tesla-related tweets has failed. > U.S. District Judge Lewis Liman denied Wednesday a motion made by Musk’s lawyers to end the 2018 consent decree over allegations that the SEC had misused it to “launched endless, boundless investigation” of Musk’s speech and intrudes on his First Amendment right to free speech. Musk’s lawyers had also argued that the consent decree was “extracted from Musk through the exercise of economic duress.” Musk recently brought up this point during a TED Conference interview saying he was forced to agree to the settlement with the SEC to save Tesla, noting it was “like having a gun to your child’s head.”