Elon Musk , Loses Appeal of , 'Twitter Sitter' Provision .
On April 29, the Supreme Court denied billionaire
Elon Musk's challenge to the terms of a Securities
and Exchange Commission agreement. .
On April 29, the Supreme Court denied billionaire
Elon Musk's challenge to the terms of a Securities
and Exchange Commission agreement. .
NBC reports that the SEC requirement
would require a lawyer to review
the Tesla CEO's social media posts. .
In his appeal, Musk argued that the SEC's requirement,
which has been dubbed the 'Twitter sitter' provision,
unlawfully imposed conditions on his freedom to comment. .
In his appeal, Musk argued that the SEC's requirement,
which has been dubbed the 'Twitter sitter' provision,
unlawfully imposed conditions on his freedom to comment. .
The SEC requirement stems from Musk's tweets in 2018 that
claimed he was taking Tesla private, which shocked the
market and caused shares in the company to surge.
The SEC requirement stems from Musk's tweets in 2018 that
claimed he was taking Tesla private, which shocked the
market and caused shares in the company to surge.
The SEC deemed the tweets
"materially false and misleading,"
and in clear violation of securities laws.
At the time, Musk agreed to settle the issue
with the SEC, which included his signing off
on the so-called "Twitter sitter" provision.
NBC reports that Musk has since said
the restrictions are unconstitutional and that
he was coerced into signing the SEC agreement.
According to court papers, lawyers
representing Musk have accused the SEC
of waging an "ongoing campaign" against Musk.
Musk's legal team claim the provision , "restricts Mr. Musk’s speech even
when truthful and accurate.".
It extends to speech not
covered by the securities laws
and with no relation to the conduct
underlying the SEC’s civil action, Elon Musk legal team, via NBC.
In response, the SEC said in court papers
that Musk waived his right to appeal
when he signed off on the settlement.
Credit: Wibbitz Top Stories Duration: 01:31Published
Baba Ramdev crossed a red line when he claimed he could cure Covid-19 and at the same time maligned modern medicine by calling it a "stupid and bankrupt.. IndiaTimes
The Supreme Court issued notice on a writ petition seeking exemption from Shariat law for ex-Muslims. The plea, filed by Safiya PM from Kerala, argues for.. IndiaTimes
Accusing the Centre of “misusing” Enforcement Directorate to “crush” its political opponents ahead of the parliamentary elections, chief minister Arvind.. IndiaTimes
The recent leak of the US Supreme Court's draft opinion overturning Roe v. Wade -- the nearly 50-year-old ruling to legalize abortion nationwide -- has left many wondering what happens next for..
Starbucks To Cover Travel Costs for , Employees Seeking Abortions, Gender-Affirming Surgeries.
CNBC reports that on May 16, the coffee chain revealed it will now pay for eligible travel expenses for..
Credit: Wibbitz Top Stories Duration: 01:30Published
A leaked Supreme Court draft opinion has suggested its conservative majority will overturn a landmark 1973 case establishing a woman's right to abortion.
Credit: euronews (in English) Duration: 01:30Published