Judge rejects Elon Musk’s request to force the SEC back into court
A federal judge denied Tesla CEO Elon Musk’s request to force the Securities and Exchange Commission into court to address his allegations about unpaid settlement funds.
In a recent court filing, US District Judge Alison Nathan said it was “unclear” exactly what Musk was requesting. Musk has accused the SEC of subjecting him and his company to “endless, unfounded investigations” and alleged that the agency was ignoring its commitment to distribute $40 million in fine money to Tesla shareholders, as per the 2018 settlement. The SEC responded that it was still developing a plan to allocate the funds.
Nathan rejects Musk’s request for a conference, arguing that if he wants to impose a deadline on the distribution of funds, he needs to file...