Supreme Court turns away Elon Musk's appeal to toss SEC settlement over Tesla tweets
The US Supreme Court declined on Monday to hear Elon Musk’s bid to throw out part of a securities fraud settlement with the Securities and Exchange Commission restricting the billionaire businessman’s public statements about his electric car company Tesla.The justices turned away Musk’s appeal of a lower court’s decision upholding the 2018 settlement reached after he said on social media that he had “funding secured” to take Tesla private — a statement the SEC in a legal action called false and misleading. ...