Musk, SEC told to meet for 1 hour about tweets

The Tribune (SLO) - - News -

A fed­eral judge has or­dered Tesla CEO Elon Musk and U.S. se­cu­ri­ties reg­u­la­tors to meet for at least an hour to set­tle a dis­pute over tweets.

Judge Ali­son Nathan also told both sides Fri­day to send her a let­ter by April 18 say­ing whether they have reached a deal. If they don’t, Nathan will de­cide on the Se­cu­ri­ties and Ex­change Com­mis­sion’s mo­tion to find Musk in con­tempt.

The SEC wants Nathan to fine Musk for al­legedly vi­o­lat­ing a set­tle­ment re­quir­ing his tweets to be ap­proved by a lawyer if they dis­close com­pany facts. Musk’s lawyers say he didn’t vi­o­late the set­tle­ment.

Newspapers in English

Newspapers from USA

© PressReader. All rights reserved.