The ruling will put Tesla at a big disadvantage in a trial set for May because it would not be allowed to argue the controversial Twitter post was truthful.
Tesla shareholders suing over Elon Musk’s 2018 tweet about taking the company private said they won a key ruling in the run-up to a fraud trial with billions of dollars in damages at stake.
“All that’s left some half-decade later is random plaintiffs’ lawyers trying to make a buck and others trying to block that truth from coming to light all to the detriment of free speech,” he said on Saturday. Musk told a New York federal judge in early March he “would never lie to shareholders”. He’s asking that judge to free him from social media restrictions he agreed to after the SecuritiesIn San Francisco, the shareholders suing over securities fraud are urging US District Judge Edward Chen to prohibit Musk from making any more public comments about his “interpretation and opinions” of the claims in their lawsuit until after the trial is finished.