In today’s edition of Daily Compliance News:
Tag: Tesla
In this episode of the FCPA Compliance Report, I am joined by Professor Karen Woody from Washington & Lee Law School. We discuss the recent filing by attorneys for Elon Musk and Tesla to revoke the previously agreed to Consent Decree over his 2018 tweets about taking Tesla private at $420 per share and then withdrawing it a week later. Highlights in include:
· What is the legal basis for the Motion?
· Can a court hear an equitable claim for a regulatory consent decreed?
· What is the remedy Musk is seeking?
· What about his $20MM fine, which has been paid?
· Is the SEC harassing Musk for alleging violations of the Consent Decree?
Resources
In today’s edition of Daily Compliance News:
- Deutsche Bank monitorship extended. (WSJ)
- Judge wanted to know who at First Energy who paid bribes. (News-Herald)
- Secret deal between Google and FB. (NYT)
- Musk lawyer said $420 tweet truthful. (Bloomberg)
In today’s edition of Daily Compliance News:
- NY AG can question Trump, kids under oath. (NYT)
- SEC widens investigation into Activision Blizzard. (WSJ)
- Surprise Surprise, BoJo drops Minster to fight corruption. (Business Insider)
- Tesla says SEC being unfair to Musk. (WSJ)
Compliance into the Weeds is the only weekly podcast which takes a deep dive into a compliance related topic, literally going into the weeds to more fully explore a subject. This week, Matt and Tom return to one of Matt’s favorite topics Elon Musk/Tesla. Some of the issues we consider:
· What happens when a business is lead by a runaway CEO?
· Implications of new SEC investigation.
· State of California investigation into racial discrimination.
· Where has the Board been all this time?
· Will the attitude of the SEC regarding enforcement change?
Resources
Matt in Radical Compliance
In this edition of the award-winning Everything Compliance – Shout Outs and Rants, the gang looks at their top Shout Out or early Rant from 2022. They include:
1. Karen Woody shouts out to workers in the travel industry who are keeping the US travel industry afloat..
2. Jay Rosen shouts out to Antonio Brown.
3. Matt Kelly rants about Elon Musk selling his shares of Tesla stock immediately before the company announces a major product recall.
4. Jonathan Armstrong shouts out to Nicholas Burks and the advent of the synthetic ransomware attack.
5. Jonathan Marks rants about the multiple and mixed messages from the CDC.
6. Tom Fox rants about Novak Djokovic.
