Elon Musk Attempts To Get Out of an SEC Deal That Requires His Lawyers To Approve His Tweets
Elon Musk continues to file for an appeal against a 2018 ruling where the court and the Securities and Exchange Commission agreed that lawyers would have to review some of his Tweets before they are sent out.
Now, Musk is turning to the Court of Appeals to overturn the decision. The case stems from the 2018 incident where Musk tweeted to take Tesla private and the SEC charged Musk for securities fraud. While the case was settled and the company paid civil fines of $20 million USD, Musk has claimd that he was “forced” into the settlement.
Musk is currently in the process of buying Twitter for $44 million USD. The deal is still on hold as Musk has threatened to back out due to the spam bot issues. There are no updates regarding the sale, however, it is not surprising if his interest in Twitter has informed his decision to appeal the court’s decision to have his lawyers look over his Tweets. It remains to be seen if the situation will be solved soon.
Elsewhere in tech, Binance has officially been sued for TerraUSD stablecoin collapse.
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