- With 118 dead from Hurricane Helene, Biden defends US government response
- Breeder who tried to create enormous trophy sheep jailed in US
- Qatar Airways seeking 25% stake in Virgin Australia
- US port officials gird for strike as labor talks stay stuck
- As toll crosses 100, Trump puts Hurricane Helene at election center stage
- US Fed Chair sees 'further disinflation' in economy
- Epic Games sues Google and Samsung over app store
- Officials see no shortages from likely US port strike
- UK families of Gaza hostages warn Lebanon attack 'takes focus away'
- Shares in Stellantis, Aston Martin skid on profit warnings
- Dali prints found in London garage sold at auction
- ECB chief backs bank mergers amid UniCredit, Commerzbank talk
- China stocks soar on stimulus, but US and Europe retreat
- 100 dead in storm Helene damage, flooding across US southeast
- China stocks soar on stimulus, Europe slides on automaker woes
- German antitrust watchdog steps up monitoring of Microsoft
- Nepal's urban poor count cost of 'nightmare' floods
- E.Guinea, Gabon clash at ICJ over oil-rich islands
- New blow for UK's Starmer as growth data disappoints
- China's top banks to tweak mortgage rates to boost housing market
- Muslim women break taboos navigating east London's waterways
- Nepal dam-building spree powers electric vehicle boom
- More than 60 dead from storm Helene as rescue, cleanup efforts grow
- Dozens missing, 9 dead in migrant boat wreck off Spanish Canaries
- Death toll from Hurricane John hits eight in Mexico
- Storm Helene's toll rises as rescue and cleanup efforts gain pace
- SpaceX launches mission to return stranded astronauts
- Storm Helene kills 44, threatens more 'catastrophic' flooding as cleanup begins
- SpaceX set to launch mission to return stranded astronauts
- Storm Helene kills 44, threatens more 'catastrophic' flooding
- Boeing strike grinds on as latest talks fail to reach agreement
- Iran 'news' sites, hackers target Trump ahead of US election
- US ports brace for potential dockworkers strike
- Japan's speedy, spotless Shinkansen bullet trains turn 60
- US hurricane deaths rise to 44, fears of more 'catastrophic' flooding
- Global stocks mostly rise, cheering Beijing stimulus
- Europe en route for Moon with new simulator, says astronaut Pesquet
- Fireworks forecast if comet survives risky Sun flypast
- Argentina judge orders dictionary to delete pejorative definition of 'Jewish'
- Global stocks rise on rate hopes, Beijing stimulus
- S.African woman turns 118, among the oldest in the world
- UK clears $4 bn AI partnership between Amazon, Anthropic
- Barca fans barred from Champions League away game over racist banner
- Chinese stocks extend surge, Europe higher on Beijing stimulus
- Pope says Church must 'seek forgiveness' for child sexual abuse
- China caps week of 'bazooka' stimulus for ailing economy with rate cut
- Cuts, cash, credit: China bids to jumpstart flagging economy
- France's debt weighs heavier ahead of budget debate
- Iran treads carefully, backing Hezbollah while avoiding war
- Return to sender: waste stranded at sea stirs toxic dispute
RBGPF | 7.18% | 64.75 | $ | |
CMSC | -0.21% | 24.72 | $ | |
RYCEF | 0.14% | 7.05 | $ | |
CMSD | -1.21% | 24.78 | $ | |
NGG | -0.09% | 69.67 | $ | |
AZN | 0.37% | 77.91 | $ | |
SCS | 2.52% | 13.49 | $ | |
RIO | -0.08% | 71.17 | $ | |
BCC | -0.36% | 140.98 | $ | |
GSK | 0.42% | 40.88 | $ | |
JRI | 0.66% | 13.67 | $ | |
RELX | -0.21% | 47.46 | $ | |
VOD | -0.7% | 10.02 | $ | |
BCE | -1.12% | 34.8 | $ | |
BTI | -0.71% | 36.58 | $ | |
BP | -0.1% | 31.39 | $ |
US judge deemed controversial Musk tweet on Tesla 'false': investors
A 2018 tweet posted by Elon Musk in which he claimed to have secured the funding to take Tesla private was deemed "false and misleading" by a judge, according to documents filed by investors suing his electric car company.
The shareholders have accused Tesla of securities fraud over their stock market losses in the wake of the August 7, 2018 tweet, which caused the share price to fluctuate wildly for several days.
In a court filing late Friday, plaintiffs asked the federal judge in charge of the case, Edward Chen, to order Musk to stop saying publicly that he "secured" funding to take Tesla private at $420 a share, as he again stated on Thursday.
In the past, the billionaire entrepreneur has said he was in talks at the time with Saudi Arabia's sovereign wealth fund and that he was confident he would reach a deal. But no agreement was ever announced.
According to the filing, Chen recently concluded in an order not made public that Musk's statements were "false and misleading," and made "recklessly and with full awareness of the facts that he misrepresented in his tweets."
Plaintiffs accused Musk of engaging in "a high-profile public campaign to present a contradictory and false narrative regarding his August 7, 2018 tweets" -- which could influence eventual jurors assigned to the trial set for later this year.
The Securities and Exchange Commission, the US market regulator, also charged him with fraud in the wake of the tweets.
He eventually agreed to a deal to settle the charges, which required Tesla's lawyers to review any social media posts with information deemed "material" to shareholders.
He also paid a $20 million fine and stepped down as Tesla's chairman.
Musk, who has unveiled a $43 billion hostile takeover bid for Twitter, said Thursday he felt forced into the deal with the SEC to save Tesla.
H.Cho--CPN