To resolve dispute Federal judge gives SEC and Elon Musk two weeks
Apr 09, 2019 04:09 AM EDT
A federal judge on Thursday ordered the US Securities and Exchange Commission (SEC) and Elon Musk to resolve their dispute over the Tesla CEO's use of twitter within two weeks.
Judge Alison Nathan of the US District Court for the Southern District of New York issued the order at the conclusion of a hearing on Thursday concerning the SEC's motion requesting that the court hold Musk in contempt. The SEC filed the motion after Musk tweeted inaccurate information in February 2019 about Tesla's projected production rate. The SEC argued that the tweet violated a settlement agreement reached with Musk in October 2018