US judge tells Elon Musk and SEC to work it out
The SEC had argued that a February 19 comment by Musk on Twitter violated an October 2018 settlement
Elon Musk and the US Securities & Exchange Commission (SEC) told a judge they need more time to resolve a legal fight over his tweeting habits. In a joint letter to US district judge Alison Nathan, Tesla's CEO and the securities regulator said talks over the past three weeks have yet to produce a settlement in their dispute over how Musk posts news about his electric-car company. Nathan approved the plan on Friday, granting the second extension in as many weeks of her deadline for negotiations. The agency and Musk promised to update the judge on their progress by Tuesday. The SEC had argued that a February 19 comment by Musk on Twitter violated an October 2018 settlement of an earlier brouhaha sparked by his proclamations on social media. Musk said he didn't violate the agreement. The regulator asked the judge to find Musk in contempt of court, which could mean hefty fines and new controls on how he communicates with the public. At a hearing on April 4, Nathan urged both sides to "p...
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