Elon Musk had been fighting to unwind parts of a settlement agreement he and Tesla struck with the SEC over civil securities fraud charges in 2018.
to unwind parts of a consent decree that he and the automaker struck with the Securities and Exchange Commission to settle civil securities fraud charges in 2018.
Musk has litigated with the SEC for years over the consent decree, which was revised in 2019 after the SECMusk with making "false and misleading" statements in his August 2018 "funding secured" tweets.
But the U.S. Court of Appeals for the Second Circuit dismissed those claims, writing that the court saw "no evidence to support Musk's contention that the SEC has used the consent decree to conduct bad-faith, harassing investigations of his protected speech." Far from the investigations being in "bad-faith," the court wrote that "each tweet plausibly violated the terms of the consent decree."
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