Supreme Court rejects Elon Musk’s efforts to get rid of his ‘Twitter sitter’

Share via:


Musk has been required to receive approval from his so-called “Twitter sitter” after signing a consent decree with the SEC in 2018 in response to his tweets about taking Tesla private, in which he falsely stated to have “funding secured.”

But ever since agreeing to the settlement, Musk has been trying to wriggle his way out of the consent decree that he have a lawyer review posts that could have a material impact on Tesla before publishing them. Moreover, if the Twitter sitter does indeed exist, no one has stepped forward to claim the job. Tesla has declined to identify the person. And Bloomberg’s Dana Hull, who has been investigating the Twitter sitter for years, has yet to turn up a name.

The Twitter sitter lives on

Last year, a federal appeals court rejected Musk’s bid to toss or modify the settlement. Musk’s lawyers appealed the decision to the Supreme Court, arguing it violated their client’s free speech rights. But today, the court declined to take up the case, leaving the lower court’s ruling in place.

The federal appeals court found that the SEC has only investigated three of his past tweets: the infamous 2018 “funding secured” tweet that subsequently resulted in the consent decree, a $40 million fine, and Musk losing the chairmanship of Tesla; and two other tweets, one that contained misleading information about Tesla’s vehicle production and the other regarding a poll proposing Musk sell 10 percent of his Tesla stock.



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Popular

More Like this

Supreme Court rejects Elon Musk’s efforts to get rid of his ‘Twitter sitter’


Musk has been required to receive approval from his so-called “Twitter sitter” after signing a consent decree with the SEC in 2018 in response to his tweets about taking Tesla private, in which he falsely stated to have “funding secured.”

But ever since agreeing to the settlement, Musk has been trying to wriggle his way out of the consent decree that he have a lawyer review posts that could have a material impact on Tesla before publishing them. Moreover, if the Twitter sitter does indeed exist, no one has stepped forward to claim the job. Tesla has declined to identify the person. And Bloomberg’s Dana Hull, who has been investigating the Twitter sitter for years, has yet to turn up a name.

The Twitter sitter lives on

Last year, a federal appeals court rejected Musk’s bid to toss or modify the settlement. Musk’s lawyers appealed the decision to the Supreme Court, arguing it violated their client’s free speech rights. But today, the court declined to take up the case, leaving the lower court’s ruling in place.

The federal appeals court found that the SEC has only investigated three of his past tweets: the infamous 2018 “funding secured” tweet that subsequently resulted in the consent decree, a $40 million fine, and Musk losing the chairmanship of Tesla; and two other tweets, one that contained misleading information about Tesla’s vehicle production and the other regarding a poll proposing Musk sell 10 percent of his Tesla stock.



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Website Upgradation is going on for any glitch kindly connect at office@startupnews.fyi

More like this

Tether halts USDT minting on EOS and Algorand

Tether discontinues support for the EOS and Algorand...

A tethered Apple Vision would be an acceptable compromise

It’s been consistently reported that Apple has been...

Ather Energy Converts Into A Public Entity As IPO...

SUMMARY Ather Energy’s board passed a resolution last week,...

Popular

Upcoming Events

Startup Information that matters. Get in your inbox Daily!