Budapest Post

Cum Deo pro Patria et Libertate
Budapest, Europe and world news

Elon Musk lawyer quotes Eminem lyrics in latest SEC legal filing

Elon Musk lawyer quotes Eminem lyrics in latest SEC legal filing

Billionaire Elon Musk's latest court filing in his legal battle against the Securities and Exchange Commission (SEC) quotes rapper Eminem.

In an effort to throw out his 2018 agreement with the top U.S. securities regulator requiring the Tesla, Inc. co-founder to obtain pre-approval for his tweets, Musk's lawyer Alex Spiro referenced the 2002 song "Without Me."

"The (SEC) won't let me be or let me be me so let me see; They tried to shut me down," he said.

Eminem's original lyrics swipe at the Federal Communications Commission (FCC).

"The FCC won’t let me be or let me be me so let me see/ They tried to shut me down on MTV," the rapper, whose real name is Marshall Mathers, wrote.

The FCC had tried to fine a Colorado radio station for playing Eminem's 2000 song "The Real Slim Shady;" the FCC ultimately relented.

Elon Musk, Tesla CEO, attends the opening of the Tesla factory Berlin Brandenburg in Gruenheide, Germany, Tuesday, March 22, 2022.


Musk's attorney noted that the "First Amendment requires that agencies proceed with caution when constitutional rights are at stake, not seek to pursue any and all novel theories that broaden their authority at the cost of individual freedom."

He also renewed efforts to reject an SEC subpoena for details on whether Musk and Tesla are complying with their disclosure requirements under the 2018 consent decree.

Spiro said the SEC issued its subpoena in bad faith and called requiring lawyers to vet Musk's tweets unconstitutional – a violation of the First Amendment.

In a February motion filed with the U.S. District Court in Manhattan, Musk and Tesla accused the SEC of targeting him with "unrelenting" investigations in an attempt to "chill his exercise of First Amendment rights."

Spiro also said that an Aug. 7, 2018, tweet that Musk had "funding secured" to potentially take the auto company private was truthful.

The regulator filed a lawsuit against Musk in 2018, claiming the statements in that tweet were "false and misleading" and that Musk "knew or was reckless in not knowing" that his statements were false and/or misleading.

Spiro has argued that the SEC cannot take action related to Musk's tweets without court authorization, emphasizing that the 2018 settlement was reached when Tesla was a less mature company.

The SEC – which is investigating a Nov. 6, 2021, tweet probing Musk's followers regarding whether he should sell 10% of his Tesla stake to cover tax bills on stock options – said Musk should not be excused from the agreement because he found compliance "less convenient than he had hoped."

They said earlier in March that they have the legal authority to subpoena Tesla and Musk, calling his challenge "frivolous."

The subpoenas, issued under seal, seek all written communications concerning the Nov. 6 tweets and whether they were shown to Tesla lawyers for pre-approval.

"Courts have long recognized that ‘Congress has vested the SEC with broad authority to conduct investigations into possible violations of federal securities laws and to demand production of evidence relevant to such investigations,’" SEC attorney Melissa Armstrong said.

Musk has said he felt pressured to settle with the commission because its action "stood to jeopardize the company’s financing," saying the agency has not yet distributed the fine money to Tesla shareholders as was required.

The SEC said it expected a plan to distribute the funds to receive court approval by the end of last month, according to The Verge.

Reuters reported that the case, SEC v Musk, U.S. District Court, Southern District of New York, No. 18-08865, is being overseen by U.S. District Judge Alison Nathan.

Fox Business' request for comment from the SEC was not immediately returned.

AI Disclaimer: An advanced artificial intelligence (AI) system generated the content of this page on its own. This innovative technology conducts extensive research from a variety of reliable sources, performs rigorous fact-checking and verification, cleans up and balances biased or manipulated content, and presents a minimal factual summary that is just enough yet essential for you to function as an informed and educated citizen. Please keep in mind, however, that this system is an evolving technology, and as a result, the article may contain accidental inaccuracies or errors. We urge you to help us improve our site by reporting any inaccuracies you find using the "Contact Us" link at the bottom of this page. Your helpful feedback helps us improve our system and deliver more precise content. When you find an article of interest here, please look for the full and extensive coverage of this topic in traditional news sources, as they are written by professional journalists that we try to support, not replace. We appreciate your understanding and assistance.
Newsletter

Related Articles

0:00
0:00
Close
Instagram Released a New Feature – and Sent Users Into a Panic
China Accuses: Nvidia Chips Are U.S. Espionage Tools
Mercedes’ CEO Is Killing Germany’s Auto Legacy
US Postal Service Targets Unregulated Vape Distributors in Crackdown
RFK Jr. Announces HHS Investigation into Big Pharma Incentives to Doctors
Australia to Recognize the State of Palestine at UN Assembly
The Collapse of the Programmer Dream: AI Experts Now the Real High-Earners
Security flaws in a carmaker’s web portal let one hacker remotely unlock cars from anywhere
Denmark Pushes for Child Sexual Abuse Scanning Bill in EU, Could Be Adopted by October 2025
Street justice isn’t pretty but how else do you deal with this kind of insanity? Sometimes someone needs to standup and say something
Armenia and Azerbaijan sign U.S.-brokered accord at White House outlining transit link via southern Armenia
Barcelona Resolves Captaincy Issue with Marc-André ter Stegen
US Justice Department Seeks Release of Epstein and Maxwell Grand Jury Exhibits Amid Legal and Victim Challenges
Spain Scraps F-35 Jet Deal as Trump Pushes for More NATO Spending
France Faces Largest Wildfire Since 1949 as Blazes Rage Across Aude
French Senate Report Alleges State Cover‑Up in Perrier ‘Natural Mineral Water’ Scandal
British Labour Government Utilizes Counter-Terrorism Tools for Social Media Monitoring Against Legitimate Critics
OpenAI Launches GPT‑5, Its Most Advanced AI Model Yet
Brazilian President Lula says he’ll contact the leaders of BRICS states to propose a unified response to U.S. tariffs
US envoy Steve Witkoff arrived in Moscow to seek a breakthrough in the Ukraine war ahead of President Trump’s peace deadline
WhatsApp Deletes 6.8 Million Scam Accounts Amid Rising Global Fraud
Britain's Online Safety Law Sparks Outcry Over Privacy, Free Speech, and Mass Surveillance
Nine people have been hospitalized and dozens of salmonella cases have been reported after an outbreak of infections linked to certain brands of pistachios and pistachio-containing products, according to the Public Health Agency of Canada
Karol Nawrocki Inaugurated as Poland’s President, Setting Stage for Clash with Tusk Government
US Charges Two Chinese Nationals for Illegal Nvidia AI Chip Exports
Texas Residents Face Water Restrictions While AI Data Centers Consume Millions of Gallons
U.S. Tariff Policy Triggers Market Volatility Amid Growing Global Trade Tensions
Tariffs, AI, and the Shifting U.S. Macro Landscape: Navigating a New Economic Regime
German Finance Minister Criticizes Trump’s Attacks on Institutions
India Rejects U.S. Tariff Threat, Defends Russian Oil Purchases
United States Establishes Strategic Bitcoin Reserve and Digital Asset Stockpile
Thousands of Private ChatGPT Conversations Accidentally Indexed by Google
China Tightens Mineral Controls, Curtailing Critical Inputs for Western Defence Contractors
OpenAI’s Bold Bet: Teaching AI to Think, Not Just Chat
U.S. Tariffs Surge to Highest Levels in Nearly a Century Under Second Trump Term
Ong Beng Seng Pleads Guilty in Corruption Case Linked to Former Singapore Transport Minister
BP’s Largest Oil and Gas Find in 25 Years Uncovered Offshore Brazil
Italy Fines Shein One Million Euros for Misleading Sustainability Claims
JPMorgan and Coinbase Unveil Partnership to Let Chase Cardholders Buy Crypto Directly
Declassified Annex Links Soros‑Affiliated Officials and Clinton Campaign to ‘Russiagate’ Narrative
UK's Online Safety Law: A Front for Censorship
Parents Abandon Child at Barcelona Airport Over Passport Issue
Bus Driver Discovers Toddler Hidden in Suitcase in New Zealand
Switzerland Celebrates 734 Years of Independence Amid Global Changes
China Enforces Comprehensive Ban on Cryptocurrency Activities
Grok 4 Video plus Voice, can identify wildlife!
George Soros tells the World Economic Forum: "President Trump is a con man and the ultimate narcissist, who wants the world to revolve around him."
Hamas are STARVING the hostages.
The UK Does Not Have a ‘Far-Right’ Problem
British Tourist Dies Following Hair Transplant in Turkey, Police Investigate
×