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Tesla's Elon Musk, SEC ordered by U.S. judge to try to settle

Published 04/04/2019, 04:04 PM
Updated 04/04/2019, 04:04 PM
© Reuters. Tesla CEO Elon Musk leaves Manhattan federal court

NEW YORK (Reuters) - A federal judge on Thursday ordered the U.S. Securities and Exchange Commission and Elon Musk to meet over the next two weeks to try to resolve matters underlying the regulator's contempt motion against the Tesla (NASDAQ:TSLA) Inc chief executive.

U.S. District Judge Alison Nathan in Manhattan said she may rule on whether to hold Musk in contempt if both sides are unable to reach an agreement.

© Reuters. Tesla CEO Elon Musk leaves Manhattan federal court

The SEC accused Musk of contempt over a Feb. 19 Twitter post that it said violated his October 2018 fraud settlement with the regulator.

Latest comments

this guy gets away with everything when we the little people get punished over the tiniest things in daily life.
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