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:
Maya Rudolph teases her return to SNL in new promo featuring her hiding in a closetNorth West joins starry concert event of 'The Lion King' at Hollywood BowlChina's exports and imports return to growth in April as demand improvesGerard Butler transforms back into the rugged hero as Hampshire is turned into apocalypseTrump hush money trial: Defense attorneys attacks Stormy Daniels' credibilityUrologist convicted of patient sex abuse, including of minorsStock market today: Global shares mixed after Wall Street's lull stretches to a 2nd dayReal Madrid rallies late to beat Bayern 2Haley won 1 in 5 Indiana Republican voters in the presidential primary. She left the race in MarchShea Langeliers drives in career
2.9818s , 6495.3125 kb
Copyright © 2024 Powered by Supreme Court rejects Musk appeal over Tesla tweets ,Culture Chronicle news portal