WASHINGTON (AP) — The Supreme Court on Monday rejected an appeal from Elon Musk over a settlement with securities regulators that requires him to get approval in advance of some tweets that relate to Tesla, the electric vehicle company he leads.
The justices did not comment in leaving in place lower-court rulings against Musk, who complained that the requirement amounts to “prior restraint” on his speech in violation of the First Amendment.
The case stems from tweets Musk posted in 2018 in which he claimed he had secured funding to take Tesla private. The tweets caused the company’s share price to jump and led to a temporary halt in trading.
The settlement with the Securities and Exchange Commission included a requirement that his tweets be approved first by a Tesla attorney. It also called for Musk and Tesla to pay civil fines over the tweets in which Musk said he had “funding secured” to take Tesla private at $420 per share.
Related articles:
Related suggestion:
Russian state media is posting more on TikTok ahead of the U.S. presidential election, study saysFrom your alarm clock and mattress to your microwave and fridgeKentucky governor predicts trip to Germany and Switzerland will reap more business investmentsAlvarez and Munguia unusually polite to each other leading up to allRussian trainers move to Niger airbase where small number of US troops remainAlvarez and Munguia unusually polite to each other leading up to allJurors hear closing arguments in landmark case alleging abuse at New Hampshire youth centerI was the least favourite grandchildMississippi high court declines to rule on questions of public funds going to private schoolsFilm executives on developing IPs and reaching global audiences
2.5824s , 6495.2890625 kb
Copyright © 2024 Powered by Supreme Court rejects Musk appeal over Tesla tweets ,World Window news portal