Member LoginMember Login - User registration - Setup as front page - Add to favorites - Sitemap Supreme Court rejects Musk appeal over Tesla tweets !

Supreme Court rejects Musk appeal over Tesla tweets

Time:2024-05-21 11:59:56 source:World Wave news portal

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 information
  • Strictly star Giovanni Pernice's former partner Rose Ayling
  • Mississippi lawmakers expected to vote on Medicaid expansion plan with work requirement
  • Explosion in Cambodia that killed 20 at an army base was likely caused by mishandling of ammunition
  • Vicky McClure cuts a stylish figure in a red velvet suit as she and co
  • Justin Timberlake set to bring his The Forget Tomorrow World Tour to Australia in 2025
  • AP WAS THERE: Mexico's 1938 seizure of the oil sector from US companies
  • Jessica Alba turns 43! The Sin City actress poses with her mini
  • Man United's ENTIRE squad 'is up for sale'
Recommended content
  • Analysis: Larson enters conversation with Verstappen as best drivers in the world
  • Mexico is taking Ecuador to the top UN court over the storming of the Mexican Embassy
  • French screen legend Gerard Depardieu will go on trial for sexual assault in October
  • Japan's yen falls to its weakest since 1990 against the dollar
  • 'The Apprentice,' about a young Donald Trump, premieres in Cannes
  • Former Clippers player Justise Winslow puts SoCal mansion up for sale for $5.3million