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Elon Musk is stuck with his ‘Twitter sitter’ after court rejects bid to toss SEC settlement
May 15, 2023
Elon Musk’s so-called Twitter sitter is here to stay.
A federal appeals court rejected Musk’s bid to toss or modify his 2018 fraud settlement with the US Securities and Exchange Commission, leaving in place a consent decree that requires his tweets to be approved by a lawyer before he can post them.
Given the frequency and volume of Musk’s tweets — and the fact that he now owns Twitter — it’s unclear whether Musk is abiding by the order to have the Twitter sitter review his tweets. But his argument that the SEC was exploiting the consent decree “to conduct bad-faith, harassing investigations of his protected speech” was found to be meritless by the court, according to a ruling released today.
The court notes that, to the contrary, the…