Britt Latham Discusses Newest Development in Ongoing Conflict Between SEC and Elon Musk

April 10, 2019
Business Insider

Bass, Berry & Sims attorney Britt Latham discussed the latest development in the ongoing conflict between the Securities Exchange Commission (SEC) and Tesla CEO Elon Musk. The conflict began with an August 2018 tweet by Musk that the SEC claimed was false and misleading to investors. This led to a September 2018 settlement between the parties in which Musk stepped down as chairman of the company’s board for three years, paid a $20 million fine, and agreed to obtain approval on all subsequent material relevant to the company’s shareholders. In February 2019, Musk tweeted information that the SEC said was in violation of the settlement agreement. The attorneys for both sides presented oral arguments before a judge in New York City on Thursday on the SEC’s contempt motion.

In a Business Insider article, Britt discussed the process for that oral argument and the possible significance of the judge requiring oral argument.

The full article, “Elon Musk and the SEC are in a Fierce Battle Over One of Musk’s Tweets — Here’s What You Need to Know About Their Dispute,” was published by Business Insider on April 3, 2019, and is available online.