Tesla Inc. Chief Executive Officer Elon Musk. Photo: Trevor Cokley/U.S. Air Force via Wikimedia CommonsMusk Avoids Sanctions for Skipping SEC Testimony for Rocket Launch
The decision does not include a finding that Elon Musk violated a court order to sit for testimony, but that does not mean the court has cleared him of allegations that he violated it by failing to appear in September.
November 25, 2024 at 04:47 PM
3 minute read
U.S. District Judge Jacqueline Scott Corley has opted not to sanction Elon Musk for missing a scheduled deposition to attend a SpaceX rocket launch in September, rejecting a motion from the U.S. Securities and Exchange Commission.
An order from the San Francisco court stated that civil sanctions are employed get a party to either comply with a court order or reimburse the other side's losses. With Musk having agreed to terms that satisfy both areas, Corley wrote, there's no remaining controversy for sanctioning.
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