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The Securities and Exchange Commission asked a federal judge last month to hold Elon Musk, the chief executive of Tesla, in civil contempt.
The agency contends that he failed to obtain clearance before claiming on Twitter on Feb. 19 that Tesla would make around 500,000 automobiles in 2019. A settlement that Mr. Musk and the agency had reached in October required that any statement be preapproved if it contained “information material to the company or its shareholders.”
Tesla admitted that Mr. Musk’s tweet had not been vetted but argued that it hadn’t contained market-moving information because similar details were published weeks earlier. The tweet was posted after the markets closed for the evening, and a correction was issued a little over four hours later to clarify matters.
But as is so often the case in legal battles, it’s not so much what was said but how the person went about saying it. The crux of the matter is Mr. Musk’s failure to follow the preapproval procedure.
Mr. Musk has hired a new lawyer, John Hueston, to lead his defense, an indication that he may not concede that he violated the settlement. So how will the civil contempt request play out?
A 1994 Supreme Court case explained that civil contempt sanctions could be “imposed in an ordinary civil proceeding.” But it also, rather unhelpfully, pointed out that “the distinguishing characteristics of civil versus criminal contempts are somewhat less clear.”
The reason: The same conduct can result in sanctions designed to coerce a defendant to comply with a judgment, which is a civil contempt, or to punish the person for a violation, which is a criminal contempt.
Although the S.E.C. has the authority to pursue a charge of criminal contempt, it is asking that Mr. Musk be found only in civil contempt. Unlike someone charged with criminal contempt, a defendant in a civil contempt proceeding does not have the right to a jury. Instead, the federal judge, Alison J. Nathan, will decide whether Mr. Musk’s tweet violated the settlement.
To show that Mr. Musk is in contempt, the S.E.C. will have to show that the court’s order demanding that tweets be vetted is clear and unambiguous, and that there is clear and convincing evidence that he refused to comply. (A charge of criminal contempt would require proof that he willfully violated the order, a standard that would be more difficult to reach.)
Mr. Musk will be given the opportunity to address the court, and Judge Nathan may require that he appear to explain his actions. The S.E.C.’s contempt motion cited an interview that Mr. Musk gave to “60 Minutes” and that aired in December, in which he said, “I do not respect the S.E.C.” A similarly bombastic statement in court could do him more harm than good.
If the court finds he violated the order, the potential sanctions can be designed only to compel him to comply with it, or to compensate the S.E.C. for pursuing the matter.
The latter is unlikely because the agency did not suffer any direct loss. But it could argue that investors were harmed by the tweet and seek compensation for any losses during the brief period where the statement went uncorrected.
There is an adage in civil contempt cases: The defendant “carries the keys of his prison in his own pocket.” Any sanction that Judge Nathan might impose on Mr. Musk would have to ensure future compliance with the preapproval requirements, rather than punish him.
One possible remedy in this case might be a new judgment in which Tesla’s in-house lawyers review all of Mr. Musk’s tweets in advance. That might remove the possibility that he would violate the provisions of the agreement in the future.
Whether Judge Nathan would welcome such an agreement is unclear. Federal judges hate allowing defendants to breach judicial orders, so there is a reasonable possibility that she might require him to appear before her anyway for an ear-bashing. She could even require payment of civil penalties if he violates the order again.
The civil contempt proceeding may be a first step by the S.E.C. to police Mr. Musk more closely. If Judge Nathan finds that he violated the order, it can be seen as a second strike against him. If he were to make another statement on Twitter that was misleading, the S.E.C. could pursue a separate civil or administrative proceeding against him, this time pushing to oust him as board director or chief executive for violating anti-fraud rules.
The S.E.C.’s motion appears to be a first move to put restraints on Mr. Musk. How successful it will be in the face of Mr. Musk’s Twitter habit remains an open question.B:
标准开奖时间日期表【昭】【娣】【的】【纤】【手】【突】【然】【被】【一】【阵】【冰】【冷】【紧】【握】，【防】【备】【不】【及】【跌】【坐】【在】【床】【榻】【边】，【身】【体】【被】【迫】【前】【倾】，【一】【瞬】【趴】【在】【了】【宁】【弘】【的】【胸】【膛】【上】。 【身】【后】【扶】【苏】【虽】【是】【反】【应】【极】【快】，【脚】【步】【一】【震】【正】【欲】【扶】【她】，【见】【她】【纤】【细】【的】【腰】【身】【被】【搂】【住】，【那】【悬】【在】【空】【中】【的】【手】，【还】【是】【收】【了】【回】【去】。 【冰】【冷】【的】【玉】【手】【划】【过】【脑】【后】，【身】【下】【人】【呢】【喃】，【带】【着】【虚】【弱】【的】【嗓】【音】，【唇】【瓣】【厮】【磨】【在】【昭】【娣】【的】【耳】【边】，【竟】【是】【入】【耳】【酥】【化】，
2 【高】【启】【孝】【和】**【孝】【真】【父】【女】【俩】【的】【名】【声】，【很】【快】【在】【县】【城】【传】【开】【来】。 【高】【启】【孝】【生】【在】【榆】【树】【农】【村】，【爹】【是】【农】【民】，【有】【点】【文】【化】【不】【多】，【刚】【解】【放】【那】【咱】，【当】【过】【村】【农】【会】【主】【任】，【农】【民】***【分】【田】【地】【跟】***【作】【对】，【但】【有】【文】【化】【有】【知】【识】【的】【人】【都】【出】【生】【在】【富】【家】。【有】【一】【个】【留】【过】【洋】【人】【的】【人】【因】【病】【瘫】【痪】【在】【家】，【高】【主】【任】【就】【请】【了】【个】【懂】【医】【术】【的】【为】【他】【看】【病】，【懂】【医】【人】【是】【个】【西】【医】【说】【买】
【郑】【坤】【想】【了】【想】，【还】【是】【有】【些】【不】【放】【心】，【又】【多】【交】【代】【了】【几】【句】。 “【你】【这】【几】【天】【先】【忍】【忍】，【我】【让】【人】【对】【外】【说】【你】【病】【了】，【你】【也】【别】【往】【外】【跑】，【这】【件】【事】【情】【切】【莫】【和】【任】【何】【人】【提】【起】。【还】【有】【你】【那】【几】【个】【小】【姐】【妹】，【没】【什】【么】【用】【的】【就】【别】【联】【系】【了】，【尤】【其】【是】【那】【个】【关】【家】【的】，【她】【今】【天】【一】【早】【还】【来】【找】【你】，【看】【起】【来】【就】【不】【是】【什】【么】【好】【事】。” “【知】【道】【了】，【我】【也】【没】【把】【她】【当】【什】【么】【朋】【友】，【只】【不】【过】【她】
【但】【只】【要】【言】【晞】【表】【现】【出】【一】【点】【不】【适】【应】，【顾】【知】【言】【就】【会】【对】【着】【她】【的】【肚】【子】【喊】，“【你】【要】【是】【再】【折】【腾】……【等】【你】【生】【下】【来】【就】【把】【你】【扔】【掉】……” 【小】【朋】【友】【大】【概】【感】【受】【到】【了】【来】【自】【亲】【爹】【的】【嫌】【弃】，【安】【安】【静】【静】【的】【待】【了】【一】【个】【月】…… 【第】【四】【个】【月】【的】【中】【旬】，【言】【晞】【感】【受】【到】【了】【第】【一】【次】【胎】【动】…… 【当】【时】【她】【正】【躺】【在】【顾】【知】【言】【腿】【上】【看】【书】，【她】【突】【然】“【哎】【哟】”【了】【一】【声】，【顾】【知】【言】【一】【脸】【紧】【张】
【随】【着】【楚】【云】【和】【刘】【恒】【步】【入】【群】【峰】【岭】【深】【处】，【开】【阔】【的】【视】【野】【一】【下】【被】【密】【集】【的】【山】【峰】【所】【遮】【蔽】，【这】【也】【大】【大】【限】【制】【住】【了】【楚】【云】【的】【感】【知】【范】【围】。 【山】【体】【内】【部】【尽】【是】【岩】【石】，【根】【本】【无】【法】【穿】【透】！ 【楚】【云】【抬】【起】【目】【光】，【扫】【了】【扫】【两】【边】【的】【山】【腰】，【发】【现】【有】【许】【多】【奇】【形】【怪】【状】【的】【岩】【石】【从】【土】【里】【探】【出】【头】【来】。【自】【楚】【云】【迈】【入】【深】【处】【的】【那】【一】【刻】，【他】【便】【感】【觉】【到】【额】【间】【红】【纹】【所】【释】【放】【的】【波】【动】【被】【阻】【拦】。 标准开奖时间日期表【有】【战】【斗】【力】【强】【的】【怪】【鱼】【企】【图】【跃】【起】【来】，【咬】【他】【们】【的】【脚】【踝】，【全】【都】【被】【他】【们】【手】【动】【解】【决】【了】。 【苏】【小】【安】【除】【了】【无】【法】【控】【制】【纸】【片】【桥】【离】【地】【太】【高】【外】，【还】【有】【一】【个】【明】【显】【的】【弊】【端】【就】【是】，【纸】【片】【桥】【无】【法】【长】【时】【间】【承】【受】【太】【大】【的】【重】【量】。【而】【这】【个】“【长】【时】【间】”，【大】【约】【是】【在】【一】【分】【钟】【左】【右】。 【她】【把】【握】【好】【距】【离】【和】【时】【间】，【以】【附】【近】【的】【黄】【角】【树】【为】【歇】【脚】【点】。【如】【此】【停】【歇】【几】【次】【后】，【在】【缘】【纸】【火】【力】【全】
【求】【推】【荐】【票】，【谢】【谢】！ 【二】【人】【刚】【到】【门】【口】，【便】【看】【见】【华】【莫】【寒】【一】【脸】【寒】【霜】【的】【踏】【步】【进】【来】。 【华】【英】【雄】【连】【忙】【躬】【身】【叫】：“【父】【亲】【大】【人】。” 【华】【钰】【也】【跟】【在】【华】【英】【雄】【后】【面】【跟】【着】【叫】：“【大】【伯】。” 【华】【莫】【寒】【却】【犹】【如】【没】【听】【见】【一】【般】，【冷】【着】【脸】【踏】【步】【而】【去】【了】。 【华】【英】【雄】【已】【经】【习】【惯】【了】【华】【莫】【寒】【的】【这】【种】【态】【度】，【这】【几】【年】，【每】【次】【华】【莫】【寒】【从】【宫】【里】【回】【来】【基】【本】【都】【是】【这】【样】。【回】【家】
【而】【就】【在】【白】【莲】【的】【意】【识】【潜】【入】【自】【己】【空】【间】【的】【时】【候】，【旁】【边】【的】【秋】【禹】【行】【像】【是】【突】【然】【受】【到】【了】【什】【么】【刺】【激】【一】【般】，【猛】【地】【睁】【开】【腥】【红】【的】【眼】【睛】，【朝】【白】【莲】【扑】【了】【过】【来】。 【白】【莲】【的】【意】【识】【从】【进】【入】【空】【间】，【到】【离】【开】【空】【间】【虽】【然】【只】【是】【几】【个】【呼】【吸】【的】【时】【间】，【但】【是】【等】【她】【退】【出】【来】【的】【时】【候】，【秋】【禹】【行】【已】【经】【睁】【着】【腥】【红】【的】【眼】【睛】，【捏】【住】【了】【白】【莲】【的】【喉】【咙】！ 【只】【要】【秋】【禹】【行】【再】【稍】【稍】【用】【力】，【说】【不】【定】【她】【的】
【南】【宫】【璃】【了】【悟】【摆】【摆】【手】，“【你】【去】【忙】【你】【的】【吧】。” 【丫】【鬟】【领】【命】【快】【速】【退】【下】，【看】【到】【南】【宫】【璃】【一】【行】【人】【进】【了】【祁】【夫】【人】【院】【子】【后】，【却】【是】【眸】【光】【一】【闪】。 【大】【夫】【刚】【刚】【从】【祁】【夫】【人】【的】【院】【子】【里】【退】【出】【来】，【相】【较】【于】【大】【夫】【人】【生】【子】【时】【的】【大】【阵】【仗】，【祁】【夫】【人】【这】【边】【明】【显】【冷】【清】【许】【多】，【就】【连】【大】【夫】【也】【是】【从】【京】【城】【医】【馆】【中】【请】【来】，【自】【然】【比】【不】【上】【宫】【里】【的】【太】【医】。 【大】【夫】【见】【着】【南】【宫】【璃】，【虽】【不】【认】【识】