In a letter to US District Judge Alison Nathan, Elon Musk’s lawyer accused the Securities and Exchange Commission (SEC) of leaking information.
The accused leak is around a federal investigation. However, the letter did not specify which investigation or the type of information leaked to the public.
The letter alleges that at least one member of the SEC leaked:
certain information regarding its investigation.
In addition, Musk’s lawyer Alex Spiro wrote in his letter:
It has become clearer and clearer that the Commission is out to retaliate against my clients for exercising their First Amendment rights—most recently by criticizing the Commission on the public docket and by petitioning this Court for relief. (via CNBC)
The entire situation with the SEC started back in 2018. In September 2018, the SEC charged Musk with making “false and misleading” statements to investors.
The charges came after Musk took to Twitter to note he secured enough funding to take Tesla private.
As per his Tweet, the price was at $420 per stock.
Am considering taking Tesla private at $420. Funding secured.
— Elon Musk (@elonmusk) August 7, 2018