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Privatized twitter was convicted of false information, musk refused and sought an appeal

On April 24, Elon Musk, chief executive of Tesla, was trying to appeal a judge's ruling in 2018. The judge believed that his tweet on "Tesla privatization" was misleading < p > in this class action lawsuit filed by shareholders, musk and other defendants of Tesla asked the U.S. District Judge Edward M. Chen of San Francisco to clarify the above decision in order to appeal. According to U.S. law, pre-trial decisions generally cannot be appealed < p > shareholders claimed that Musk's tweets and follow-up Posts released in August 2018 were "undoubtedly wrong", which led to drastic fluctuations in Tesla's share price and cost them billions of dollars. The case opened in January. On April 1, judge Edward Chen ruled that the jury could not find Musk's tweets not misleading < p > but in a court document on Friday, Musk's lawyer argued that the judge "analyzed individual phrases in each tweet and pointed out that some other information should be published with these tweets, but the short form of the twitter platform limited the number of characters per tweet." < p > lawyers wrote that when analyzing whether a statement is misleading, the court must take into account that the statements are published on social media rather than in formal regulatory documents < p > the lawyers wrote in the document: "the defendant will not seek interlocutory appeal for the purpose of delaying time. On the contrary, the defendant did not request to postpone the trial originally scheduled for January 2023, but expected to appeal quickly before the trial so that the Ninth Circuit Court can make a decision." (small) < / P > < p >


2023-03-22 10:04:52

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