Musk plans Supreme Court appeal after losing bid to terminate SEC settlement
Enlarge / Elon Musk at the Viva Tech fair in Paris, France, on Friday, June 16, 2023. (credit: Getty Images | Bloomberg)
Elon Musk plans an appeal to the US Supreme Court after losing an attempt to terminate a settlement with the Securities and Exchange Commission that Musk claims violates his First Amendment rights. The 2018 settlement over Musk's false "funding secured" tweets required Tesla to impose controls on his social media posts.
"Alex Spiro, a lawyer for Musk, confirmed on Tuesday that Musk plans an appeal to the Supreme Court," according to Reuters.
In April 2022, Musk's attempt to get out of the settlement was rejected by a judge in US District Court for the Southern District of New York. Musk appealed to the US Court of Appeals for the 2nd Circuit, but the ruling against Musk was affirmed unanimously by a three-judge panel.