Elon Musk asked the U.S. Supreme Court to undo a part of a deal he made with the Securities and Exchange Commission (SEC) that required vetting of his online posts, alleging that the deal violates his free speech rights, Mr. Musk’s lawyer, Ellyde Thompson, confirmed with The Epoch Times on Thursday.
The billionaire businessman asked the high court in a Dec. 7 petition to hear his appeal of a lower court's decision in May that upheld a 2018 consent decree that he negotiated with the SEC, escalating a years-long feud between the industrialist and the powerful regulatory agency to the nation’s highest court.
The consent decree resulted from settlement negotiations of a 2018 lawsuit brought by the federal agency against Mr. Musk, which alleged that Mr. Musk made "false and misleading" statements to investors when he posted on Twitter (now X) in August of that year that he had "funding secured" to take private his electric car company, Tesla.
Read Full Article Here