Elon Musk’s claims of ‘broken promises’ denied by the SEC

  • 📰 verge
  • ⏱ Reading Time:
  • 13 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 67%

Law Law Headlines News

Law Law Latest News,Law Law Headlines

The SEC has replied to the letter Musk submitted to the court.

. In a letter to Judge Alison Nathan, the SEC refutes Musk’s allegations that it’s ignoring its commitment to distribute $40 million in fine money to Tesla shareholders, which Musk and Tesla had paid as part of a 2018 settlement.“Given the complexity of the distribution, it has taken time to develop the plan of allocation,” SEC official Steve Buchholz writes in the letter.

Musk’s complaints were included in a letter that his attorney, Alex Spiro, submitted to the court on his behalf. It concerns a 2018 settlement — also overseen by Judge Nathan — in which the SEC charged Musk for securities fraud after tweeting that

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Four years to formulate a plan to distribute the money. Sounds legit?! 🤔

Bitcoin trading has changed my life, with Morris_Huxley I invested $500 in just 5days of trading I realized I made $3,850 from his platform am super excited and forever greatful Morris_Huxley

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 94. in LAW

Law Law Latest News, Law Law Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

SEC responds to Elon Musk harassment allegations | EngadgetIn a letter it filed on Friday with a New York federal judge, the SEC said its frequent check-ins with Tesla were consistent with expectations from the court overseeing the company’s 2018 settlement.. For all those who are new to this working from home Bitcoin trading options Here's a little tip: Get a trusted Bitcoin expert and stick to her Alexander__Jeni Invest and play at similar times each day. Because : In times of chaos, your investment is your anchor to success
Source: engadget - 🏆 276. / 63 Read more »