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Elon Musk wants to reverse his $20 million SEC settlement
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Elon Musk wants to reverse his $20 million SEC settlement
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10th March 2022, 11:00
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| [M] Reviewer  Join Date: May 2010 Location: Romania
Posts: 148,738
 |  Elon Musk wants to reverse his $20 million SEC settlement Elon Musk isn't backing down in his rejuvenated campaign against the SEC. Ars Technicareports the Tesla chief has asked a federal court to terminate his $20 million settlement with the SEC in 2018 over claims the regulator both pressured him into an agreement and overstepped its limits. Musk felt "forced" to sign the consent decree at a time when Tesla's financial health was at risk, according to the memorandum of law sent to the court. The EV executive also insisted in a declaration that he told the truth in tweets at the heart of the dispute — he maintained he really had been considering taking Tesla private and had secured funding. https://www.engadget.com/elon-musk-t...0.html?src=rss |
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