Jun 15, 2022 - Economy

Elon Musk appeals judge's refusal to end 2018 SEC settlement

Elon Musk attends The 2022 Met Gala.

Elon Musk attends the 2022 Met Gala. Photo: Dimitrios Kambouris/Getty Images for The Met Museum/Vogue

Elon Musk on Wednesday appealed a federal judge's refusal to terminate a 2018 settlement with the Securities and Exchange Commission that required Tesla to vet his tweets about the company.

The big picture: Musk in a court filing said he will ask the 2nd U.S. Circuit Court of Appeals in Manhattan to overturn an April decision that upheld the settlement.

  • Musk in March asked a federal judge to terminate the 2018 settlement that resolved a federal lawsuit over Musk's allegedly false statements about his claims to take Tesla private, writing on Twitter that he had "funding secured."
  • The settlement required Tesla's counsel to screen Musk's tweets about the company. It also required Musk to step down as Tesla's chair and pay a $20 million fine.

Go deeper... Judge rejects Musk's bid to end 2018 SEC settlement

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