• Elon Musk defends tweets in SEC's contempt proceedings

    3 monthes ago - By TechCrunch

    Tesla CEO Elon Musk argued Friday that his Twitter use did not violate a settlement agreement with the U.S. Securities and Exchange Commission and that the agency's request to have him held in contempt is based on a “radical interpretation” of the order, according to court papers filed in Manhattan federal court.
    The SEC has asked a judge to hold Musk in contempt for violating a settlement agreement reached last year over Musk's now infamous “funding secured” tweet. Under that agreement, Musk is supposed to get approval from Tesla's board before communicating potentially material...
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  • Elon Musk says the SEC's attempt to hold him in contempt is ‘virtually wrong at every level'

    Elon Musk says the SEC's attempt to hold him in contempt is ‘virtually wrong at every level'

    3 monthes ago - By The Verge

    Elon Musk says the Securities and Exchange Commission is “virtually wrong at every level” for trying to hold him in contempt of court after he allegedly violated the settlement agreement the two sides reached last year. That claim was part of new arguments made Friday by Musk and his lawyers as part of a recent back-and-forth between the Tesla CEO and the federal agency.
    The SEC asked a federal judge on February 25th to hold Musk in contempt because, the agency claimed, one of the Tesla CEO's tweets on February 19th may have violated language in the settlement. In the tweet in question...
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  • Musk's lawyers call tweet in SEC's contempt bid 'not material'

    3 monthes ago - By Reuters

    Elon Musk's lawyers said that the U.S. Securities and Exchange Commission failed to satisfy its heavy burden of showing that the Tesla Inc chief executive should be held in contempt, and the tweet prompting its contempt motion was both proper and not material.
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  • Musk's lawyers say U.S. SEC has not met heavy burden to show contempt

    3 monthes ago - By Reuters

    Lawyers for Elon Musk said on Friday that the U.S. Securities and Exchange Commission had failed to satisfy its heavy burden of showing that the Tesla Inc chief executive should be held in contempt of court.
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