Settlement: Company Events

settlement: Some of the tweets that will need prior approval include those detailing information about the company's finances and specific company events, according to Tech Crunch, according to The Guardian. The SEC has said Musk violated an earlier settlement, which required him to submit public statements that would be of interest to investors for prior review. If the settlement is approved by U.S. District Judge Alison Nathan, his tweets regarding his company will be vetted by legal counsel prior to going live. The commission asked that Musk be held in contempt of court for that violation. He wrote that he had funding secured, although that was not true. The fight between Musk and the SEC began last August when the Tesla CEO sent a Tweet about possibly taking the company private. (news.financializer.com). As reported in the news.