Elon Musk had been fighting to unwind parts of a settlement agreement he and Tesla struck with the SEC over civil securities fraud charges in 2018.
Elon Musk's revised settlement agreement with the SEC will remain in place, including the need for a "Twitter sitter," a federal appeals court ruled on Monday.
The ruling, issued Monday by a federal appeals court, affirms a prior decision from the U.S. District Court for the Southern District of New York, which issued the initial denial. A February letter from Musk attorney Alex Spiro said the terms of the consent decree, which was revised in 2019, amounted to "unconstitutional" infringement of his free speech rights.
Far from being "bad-faith," the court wrote that "each tweet plausibly violated the terms of the consent decree."
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