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:
Fencing mom Arianna Errigo and high jumper Gianmarco Tamberi named Italy's Olympic flagbearersJapan's antiWe're sleep expertsDavid Beckham moves wife Victoria to tears with emotional speech at her starThe flooded housewives of Dubai: Chanel underwater, supercars swept away and megaPolice in Greece raid homes and detain dozens in crackdown on deadly soccer violenceNicola Peltz breaks her social media silence after missing out on motherNearly 80 die in 3 weeks at Myanmar refugee camps: aid workers — Radio Free Asia'Classless' fan heckles at wrestler Jordan Burrough at US Olympic trialsFlooding wreaks havoc across East Africa. Burundi is especially hard
3.0232s , 4666.1015625 kb
Copyright © 2024 Powered by Supreme Court rejects Musk appeal over Tesla tweets ,Culture Quest news portal