Musk Loses Battle To End “Twitter Sitter” Deal With SEC

Bloomberg News reports:

Elon Musk may soon own Twitter Inc. but the billionaire won’t be able to shake his “Twitter Sitter.” A judge on Wednesday rejected Musk’s request to ditch his 2018 deal with the U.S. Securities and Exchange Commission that required a company lawyer to screen all his Tesla Inc.-related tweets.

The Tesla CEO, who appears to have clinched his bid to buy Twitter, had accused the SEC of harassing him and claimed the agreement violated his free-speech rights.

“Musk was not forced to enter into the consent decree,” U.S. District Judge Lewis Liman said in his written opinion. The Tesla CEO “cannot now seek to retract the agreement” by “simply bemoaning that he felt like he had to agree to it at the time” and now “wishes that he had not,” Liman said.

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