Musk's attorney did not specify which investigation or what type of information may have been leaked by the SEC, and to whom.
Spiro did not specify which investigation or what type of information may have been leaked by the SEC, and to whom. In the letter, he alleged that at least one member of the SEC had leaked "certain information regarding its investigation" without providing any supporting evidence.
Musk and Tesla had to pay $20 million in fines each, and Musk was forced to step down as chairman for at least three years as part of a revised settlement agreement the agency reached with the automaker and CEO in 2019. Tesla also had to put in place a system for monitoring Musk's statements to the public about the company — whether on Twitter, in a blog post or any other medium., saying the agency was actually making progress on the task of disbursing the $40 million to shareholders.
Buchholz also wrote that ongoing communication with Tesla was what Nathan and the revised settlement agreement had called for, and that if Musk objected to any subpoena his attorneys should address that in a different motion. There's a different federal statutory scheme for objecting to a subpoena.issued a subpoena to the company
in November 2021. According to Tesla's quarterly filing, the agency is seeking information on its "governance processes around compliance with the SEC settlement, as amended." Spiro revealed in the letter on Monday some details about that subpoena. He wrote, "the Commission specifically demanded documents concerning my clients' 'compliance or non-compliance with Tesla's disclosure controls and procedures, executive communications policy, external communications policy, other policies or procedures relating to public statements or communications by Tesla executives, or the final judgment or amended final judgment in SEC v. Musk, 1:18-cv-8865-AJN .
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