Elon Musk says court should reject request to hold him in contempt
New York (CNN Business)Elon Musk is making his case for why a US federal court should reject a request by the Securities and Exchange Commission to hold him in contempt over one of his tweets about Tesla.
“The Securities and Exchange Commission’s request that Musk be held in civil contempt for a single, immaterial tweet that dutifully complied with [a court-ordered settlement] is incorrect on the facts and on the law,” the billionaire Tesla CEO’s lawyers said in a court filing late Monday, which was the deadline for their response.
Their argument appears likely to escalate Musk’s long-running feud with the SEC. It includes the claim that the agency is trying to “trample on Musk’s First Amendment rights.”
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