Securities,
Civil Litigation,
Corporate,
Administrative/Regulatory
Sep. 28, 2018
SEC sues Elon Musk, seeking his removal as a Tesla officer
“Rounding up” Tesla’s stock to $420 per share was a marijuana reference meant to impress his girlfriend, Elon Musk claims. On Thursday, the U.S. Securities and Exchange Commission labeled it fraud, worthy of an order prohibiting him from serving as a company officer at Tesla.
"Rounding up" Tesla's stock to $420 per share was a marijuana reference meant to impress his girlfriend, Elon Musk claims. On Thursday, the U.S. Securities and Exchange Commission labeled it fraud, worthy of an order prohibiting him from serving as a company officer at Tesla.
Much like other recent litigation involving Musk, the SEC cites a series of tweets the billionaire made in August in a lawsuit filed in the Southern District of...
For only $95 a month (the price of 2 article purchases)
Receive unlimited article access and full access to our archives,
Daily Appellate Report, award winning columns, and our
Verdicts and Settlements.
Or
$895, but save $100 when you subscribe today… Just $795 for the first year!
Or access this article for $45
(Purchase provides 7-day access to this article. Printing, posting or downloading is not allowed.)
Already a subscriber?
Sign In