Bass, Berry & Sims attorney Britt Latham was quoted in an article detailing Tesla CEO Elon Musk’s response to the Securities Exchange Commission’s (SEC) allegations that he violated a court order when he posted on Twitter about how many cars the company could produce. The SEC claims the CEO’s recent tweets violated a prior settlement requiring him to get consent from other executives prior to posting on social media. Elon Musk is challenging the SEC allegations and does not believe the tweets were in violation.
As Britt points out, the SEC may respond to Musk by continuing its attempt to hold him in contempt. The agency wants to use this case to possibly enact stiffer penalties if Musk violates any securities laws in the future.
The full article, “Elon Musk Tells Federal Judge He Didn’t Violate SEC Order,” was published by IG on March 14, 2019, and is available online.