A federal judge will hear oral arguments next week in the Elon Musk contempt lawsuit brought by the SEC
Judge Alison Nathan on Tuesday set a hearing for April 4. It is unclear when she will issue a ruling. Nathan is tasked with weighing the SEC's request that Musk be held in contempt for violating a settlement agreement reached last year, which required he get pre-approval for social media posts about the electric car company. Musk tweeted on February 19 that"Tesla made 0 cars in 2011, but will make around 500k in 2019.
In a court filing, Tesla conceded Musk did not receive pre-approval from anyone on that committee for his February posts, but the company has since claimed that he didn't need it.Musk maintains he has diligently tried to follow the court settlement, and that the SEC's request is a breach of his constitutional right to free speech.The battle between Musk and the SEC goes back to August 2018, when Musk tweeted that he had secured funding to take Tesla private at $420 a share.
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