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:
Torchbearers in Marseille kick off the Olympic flame's journey across the countryDallas Stars in familiar hole after 6th Game 1 1oss. Avs look to put them down 0Yemen's Houthi rebels claim 2 attacks in Gulf of Aden, another unreported in Indian OceanChina's Xi receives ceremonial welcome in Hungary ahead of talks with OrbánMontgomery throws 7 solid innings and Diamondbacks hold off Reds 4Three men sentenced to life in prison for killing family in Washington stateOhio attorney general warns student protesters in masks could face felony charges under antiWhat will Utah's NHL team be called? Here are 20 optionsSteve Albini dead: Legendary rock producer passes away aged 61Netflix drops major actor from Wednesday season 2 as the cast reunite in behind
3.5268s , 6502.1796875 kb
Copyright © 2024 Powered by Supreme Court rejects Musk appeal over Tesla tweets ,Culture Chronicle news portal