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:
Zhang primed for shot at historyChina's CPI up 0.1 pct in MarchXi Urges Actions to Translate Community with Shared Future for Mankind into RealityChina's first selfChina records nearly 5 bln domestic trips in 2023Chinese paddlers reign supreme at Durban table tennis worldsMaking a splash: China's village basketball games go viral, benefiting local communitiesU.S. travelers benefiting from China's visa rulesXi Says BRICS Important Force in Shaping Int'l LandscapeMaking a splash: China's village basketball games go viral, benefiting local communities
2.9796s , 6515.1484375 kb
Copyright © 2024 Powered by Supreme Court rejects Musk appeal over Tesla tweets ,Earthly Edition news portal