A jury found that Musk was not liable for damages to Tesla investors for his “funding secured” tweet. It is important to keep in mind that this was an investor lawsuit, not an enforcement action by the SEC. V https://www.reuters.com/legal/securities-fraud-trial-over-elon-musks-2018-tweets-draws-close-2023-02-03/
Month: February 2023
Activision Blizzard to Pay $35 Million for Failing to Maintain Disclosure Controls Related to Complaints of Workplace Misconduct and Violating Whistleblower Protection Rule
Feb. 3, 2023 — The Securities and Exchange Commission today announced that Activision Blizzard Inc., a video game development and publishing company, agreed to pay $35 million to settle charges that it failed to maintain disclosure controls and procedures to ensure that the company could assess whether its disclosures pertaining […]
SEC Publishes Annual Staff Report on Nationally Recognized Statistical Rating Organizations
Feb. 2, 2023 — The Securities and Exchange Commission today published a staff report that provides a summary of the staff’s examinations of nationally recognized statistical rating organizations (NRSROs) and discusses the state of competition, transparency, and conflicts of interest among NRSROs. “The Office of Credit Ratings is critical to […]
