Musk appeals court's decision on SEC decree

Wednesday, 15. June 2022 16:24

Tesla Inc. CEO Elon Musk appealed on Wednesday the court's decision to dismiss his request to end the settlement with the Securities and Exchange Commission (SEC) made in 2018 over his tweets regarding taking the car company private.

The court filing revealed that Musk will be requesting an overturn of the previous ruling from the Second United States Circuit Court of Appeals in Manhattan.

In 2018, the SEC accused Musk of giving false information on Twitter about securing funding to take Tesla private. Musk has since called the lawsuit against him "unjustified" and stated that he was "forced to concede to the SEC unlawfully."

Related Links: Tesla Inc.
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Baha Breaking News (BBN) / AY