Musk's lawyers say U.S. SEC has not met heavy burden to show contempt
NEW YORK, March 22 (Reuters) - Lawyers for Elon Musk said on
Friday that the U.S. Securities and Exchange Commission had
failed to satisfy its heavy burden of showing that the Tesla Inc
chief executive should be held in contempt of court.
In a Manhattan federal court filing, Musk's lawyers also
said their client "respects his obligations" to the electric car
company, its shareholders and the court.
Musk is trying to avoid being held in contempt for violating
his October 2018 fraud settlement with the SEC, for having
tweeted on Feb. 19 to his more than 24 million Twitter followers
that Tesla could build around 500,000 vehicles in 2019.
(Reporting by Jonathan Stempel in New York, editing by G
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