Musk Failed To Show Consent Agreement Modification Was Warranted, Panel Told

Mealey's (January 13, 2023, 8:31 AM EST) -- NEW YORK — A federal district court did not err in denying Elon Musk’s motion to quash portions of a Securities and Exchange Commission subpoena and terminate a consent agreement with the SEC because it properly ruled that the Tesla CEO failed to sufficiently meet his “burden of demonstrating a significant change in circumstances that justified modifying the consent agreement,” the government argues in an appellee brief filed in the Second Circuit U.S. Court of Appeals....