- Elon Musk's demand to cancel his contract with the US Securities and Exchange Commission has drawn the attention of the Supreme Court .
- According to Musk and his lawyer, the original deal violated his freedom of expression, and he was repeatedly threatened.
Elon Musk admitted to the US Securities and Exchange Commission in 2018 that he would take Tesla private if the stock price reached $420. The tweet sent Tesla's stock price soaring as well as its fortunes. The US Securities and Exchange Commission later responded to the alleged market manipulation. Kasturi and Tesla agreed to pay $20 million for their positions as well as preliminary investigations conducted by an in-house lawyer.
According to the latest reports , Elon Musk's lawyers are trying to invalidate the deal because it violates his right to freedom of expression. Musk's lawyers filed a motion on December 7, saying the original agreement included not only his speech, but also threats, fines and imprisonment.
This applies to data that is not subject to securities laws and is not related to the civil lawsuit filed by the Securities and Exchange Commission against Mr. Musk. It would freeze Mr. Musk's speech indefinitely, subjecting him to contempt of court, fines or other preventive detention for speech unless previously approved to the satisfaction of the SEC or a court.
Elon Musk accused officials of imposing the settlement against him.
According to Mok, the authorities forced him to agree to these conditions.
She was illegally forced to get SEC recognition by miscreants.
Banks threaten to stop supporting Tesla if Mook disagrees with SEC calls it "putting a gun to your kid's head."
The local court rejected this appeal. The US Supreme Court expressed interest in the case and asked the Biden administration to express its opinion on the appeal. The judges gave prosecutor Elizabeth Preloger until January 22, according to Bloomberg.
According to Eric Talley, a professor at Columbia Law School, it's like "jumping the fence." To win a Supreme Court hearing, Mok needs four of the nine justices to agree to take the case. When that happens, some analysts who say Dogecoin (Doge) is their favorite cryptocurrency may react a little. Others believe that the outcome of this case will not affect the meme currency given the nature of the case.
Talley explained that the unconstitutional situation described by Elon Musk arises when the government spends various types of public goods. This includes accepting tax benefits by agreeing not to criticize the Supreme Court.
In fact, it's a very slippery slope. But this is a case where the government has actually agreed to prosecute someone based on their agreement to cooperate with the terms of the agreement. This does not negate the benefits.
Musk previously fought a legal battle with the SEC after he teamed up with Mark Cuban to file an amicus brief with the Supreme Court challenging the agency's internal investigation without a jury. In 2022, the Twitter acquisition caught the attention of the Securities and Exchange Commission, which was investigating whether there were any violations of securities laws in stock purchases associated with the deal.
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