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Supreme Court won't hear Elon Musk's bid to kill deal with SEC to review his X posts [Yahoo! Finance]
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US:NASDAQ Investor Relations: ir.tesla.com
The high court denied certiorari for his case, Musk vs. SEC , in an order list released Monday. In doing so, the nation's highest court let stand a ruling issued last year by the New York-based 2nd U.S. Circuit Court of Appeals finding in favor of the Securities Exchange Commission. In his suit, Musk argued he should be released from a 2018 consent decree struck with regulators calling for his posts on Twitter -- now rebranded as "X" after his purchase of the platform -- to be monitored by an attorney. The agreement was put in place after a verdict by a San Francisco jury found that his 2018 tweet about Tesla contained inaccurate information. In the tweet, Musk declared that he had "funding secured" to take the electric vehicle company private -- an inaccurate description that led to a frenzied surge in the company's share price. Musk argued the tweet was a "non sequitur" and that it did not violate securities laws. Late in 2022, Musk and Tesla challenged the agreement in a
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