Judge gives Elon Musk, SEC two weeks to settle case over Tesla CEO’s tweets - News Summed Up

Judge gives Elon Musk, SEC two weeks to settle case over Tesla CEO’s tweets


Tesla vehicles sit in a parking lot before being shipped from San Francisco in February. (David Paul Morris/Bloomberg)NEW YORK -- A federal judge Thursday ordered Elon Musk and the Securities and Exchange Commission to meet over the next two weeks to settle their dispute over the Tesla CEO’s use of Twitter. The SEC and Musk should submit a joint letter in two weeks confirming they had met for at least an hour, she said. If he violated the agreement again, Musk should face an even heftier fine, said SEC attorney Cheryl Crumpton. “I have great respect for Judge Nathan, and I’m pleased with her decision today," Musk said in a statement.


Source: Washington Post April 04, 2019 14:02 UTC



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