US Employment News
Supreme Court Rejects Elon Musk’s Appeal Over “Twitter Sitter”
The Supreme Court has rejected Tesla CEO Elon Musk’s attempt to nullify an agreement requiring a lawyer to vet some of his social media posts.
The Securities and Exchange Commission enforced the appointment of a "Twitter sitter."
Musk complained the agency unlawfully restricted his ability to comment online about Tesla-related issues without prior approval.
The justices overturned Musk’s appeal of a ruling by the New York-based 2nd US Circuit Court of Appeals in favor of SEC.
Musk's legal troubles with the SEC began after his 2018 tweets, which claimed he had secured funding to take Tesla private.
The tweets sparked a market reaction, initially causing Tesla's shares to surge.
The SEC subsequently accused Musk of violating securities law, deeming his tweets "materially false and misleading."
Musk settled the civil case brought by the SEC, which included the social media provision in question.
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