Tesla's Elon Musk, SEC ordered by U.S. judge to try to settle
Reuters
Published Apr 04, 2019 04:04PM ET
Tesla's Elon Musk, SEC ordered by U.S. judge to try to settle
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.
The SEC accused Musk of contempt over a Feb. 19 Twitter post that it said violated his October 2018 fraud settlement with the regulator.
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Written By: Reuters
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