( ) -q-17- UNDATED (Correspondent Jeremy House) “over the tweets.” A federal appeals court says Elon Musk cannot back out of a settlement with securities regulators over 2018 tweets claiming he had the funding to take Tesla private. [CutID: <Cuts> MUSK-TWEETS-house-q-TUEam.mp3 Time: 17s Title: MUSK-TWEETS-house-q-TUEam Out-cue: over the tweets] TAG: Correspondent Jeremy House reporting. The […]
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Fed Appeals Court: Musk must have his tweets approved by Tesla lawyer
( ) -q-17- UNDATED (Correspondent Jeremy House) “over the tweets.”
A federal appeals court says Elon Musk cannot back out of a settlement with securities regulators over 2018 tweets claiming he had the funding to take Tesla private.
[CutID: <Cuts> MUSK-TWEETS-house-q-TUEam.mp3
Time: 17s
Title: MUSK-TWEETS-house-q-TUEam
Out-cue: over the tweets]
TAG: Correspondent Jeremy House reporting. The 2nd U.S. Circuit Court of Appeals in Manhattan ruled just days after hearing arguments from lawyers in the case.
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VERBATIM: Musk had challenged a lower court judge’s ruling last year requiring him to abide by the deal. The settlement with the Securities and Exchange Commission required that his tweets be first approved by a Tesla attorney. It also called for Musk and Tesla to pay civil fines over the tweets.