Supreme Court Turns Away Musk Challenge to SEC Restrictions on His Speech

Published on April 29, 2024

The Supreme Court on April 29 turned away billionaire entrepreneur Elon Musk’s attempt to contest a deal he reached with the U.S. Securities and Exchange Commission (SEC) that required a legal monitor to review his social media posts. Mr. Musk claimed in court papers that the SEC has been engaged in an “ongoing campaign” against him. Mr. Musk, head of microblogging site X, formerly known as Twitter, as well as Tesla and SpaceX, alleged that the agency illegally imposed what has been called the “Twitter sitter” provision. He bought the former Twitter in 2022 and changed its name. The federal agency went after Mr. Musk after he posted entries on then-Twitter in 2018 saying he had gotten his hands on enough funds to take Tesla private. His unexpected claim sent Tesla shares soaring but the agency said the posts violated securities law because they were “materially false and misleading.”...

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