A judge quashed ElonMusk's attempt to end the consent decree established by the SEC to limit the influence of his tweets on Tesla's stock prices.
Musk filed a request in March to end his 2018 settlement with the SEC that required lawyers to review his tweets in case they influence Tesla stock prices, claiming it infringed on his freedom of speech and was being used by the SEC in"bad faith." A New York Southern District Court judge ended that attempt, stating Musk's claims were"meritless.
However, Musk has been on tense terms with the SEC for many years, referring to the regulatory agency as"bastards" during an appearance at the TED2022 conference. He claimed he only agreed to the SEC's settlement so that bankers would stop threatening to end his access to capital for his various operations.
Tesla has failed to adhere to the SEC's requirements regarding Musk's tweets, according to a July 2021 ruling. That failure led to Tesla shareholders suing Musk in December 2021 over his tweets affecting the stock market. An additional filing from Tesla shareholders on April 18 requested that the court stop Musk from continuing to talk about the legal conflict with the SEC.That feud has created tension for the Tesla CEO.
Musk acquired Twitter on Monday, giving him private ownership of the platform for $44 billion. The deal is set to be finalized in the next six months.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Breakingviews - Elon Musk buys Tesla a pounding Chinese headacheElon Musk is buying Twitter in the name of free speech. Beijing will lean on him to un-ban its troll army, then push him to comply with its extra-territorial sedition law. Tesla's key Shanghai outfit risks being a pawn in the fight, says petesweeneypro
Leer más »
Breakingviews - Breakingviews: Elon Musk buys Tesla a pounding Chinese headacheElon Musk may not be concerned about making money from Twitter. But his $44 billion deal for the social media network has bought what could be a Chinese political headache and impact profit at Tesla, says petesweeneypro
Leer más »
Tesla Share Price Drop Calls Elon Musk Twitter Deal Into QuestionThe world’s richest man found himself $21 billion poorer after Telsa shares plummeted—and may now have trouble financing his purchase of Twitter.
Leer más »
Tesla-Worship: Texas Republicans Sure Do Have a Thing for Twitter's New 'Overlord,' Elon MuskTexas Republicans are showing their support for Elon Musk after the Tesla CEO purchased Twitter.
Leer más »
Twitter has officially sold itself to Elon MuskElon Musk has finally received word back from Twitter's board, and will become the sole owner of the social media juggernaut for a staggering $44 billion.
Leer más »
Twitter agrees to be bought by Elon MuskThis is an earthquake in global media and politics, where Twitter hosts the discourse.
Leer más »