{"id":83995,"date":"2023-02-24T01:38:36","date_gmt":"2023-02-24T06:38:36","guid":{"rendered":"https:\/\/www.hedgeco.net\/news\/?p=83995"},"modified":"2023-02-24T01:33:38","modified_gmt":"2023-02-24T06:33:38","slug":"sec-rebuffs-elon-musks-attempt-to-get-out-of-funding-secured-settlement","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/02\/2023\/sec-rebuffs-elon-musks-attempt-to-get-out-of-funding-secured-settlement.html","title":{"rendered":"SEC rebuffs Elon Musk\u2019s attempt to get out of \u2018funding secured\u2019 settlement"},"content":{"rendered":"\n<p>(CNBC) The SEC argued in a letter to the U.S. Court of Appeals for the Second Circuit in New York this week that <a href=\"https:\/\/www.cnbc.com\/quotes\/TSLA\/\">Tesla<\/a> CEO Elon Musk still needs a so-called \u201cTwitter sitter,\u201d and that an earlier settlement agreement between them is fully constitutional and valid. Now a centi-billionaire, Musk in 2018 wrote on Twitter that he had \u201c<a href=\"https:\/\/www.cnbc.com\/2023\/01\/20\/elon-musk-defends-tweets-in-securities-fraud-trial-in-san-francisco.html\">funding secured<\/a>\u201d to take his electric vehicle company private for $420 per share, and that \u201cinvestor support\u201d for such a deal was \u201cconfirmed.\u201d<\/p>\n\n\n\n<p><a href=\"https:\/\/www.cnbc.com\/2023\/02\/23\/sec-rebuffs-musks-attempt-to-get-out-of-funding-secured-settlement.html\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(CNBC) The SEC argued in a letter to the U.S. Court of Appeals for the Second Circuit in New York this week that Tesla CEO Elon Musk still needs a so-called \u201cTwitter sitter,\u201d and that an earlier settlement agreement between [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-83995","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/83995","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=83995"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/83995\/revisions"}],"predecessor-version":[{"id":83996,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/83995\/revisions\/83996"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=83995"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=83995"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=83995"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}