|
|
|
As Tesla heads to court, shares fall as deliveries slow
Legal Career News |
2019/04/02 16:15
|
Tesla's CEO Elon Musk is back in the spotlight for saying something when perhaps he should have remained quiet.
A federal judge will hear oral arguments Thursday about whether Musk should be held in contempt of court for violating an agreement with the U.S. Securities and Exchange Commission.
The SEC says Musk blatantly violated the settlement in February when he tweeted about Tesla's vehicle production without a lawyer's approval.
It's unclear if Musk plans to attend the hearing. If he is found in contempt of court, Musk could face fines or even jail time.
Musk's 13-word tweet on Feb. 19 said Tesla would produce around 500,000 vehicles this year. But the tweet wasn't approved by Tesla's "disclosure counsel," and when the contempt-of-court motion was filed in February Musk had not sought a lawyer's approval for a single tweet, the SEC said.
Musk said his tweet about car production didn't need pre-approval because it wasn't new information that would be meaningful to investors. His attorneys say the SEC is violating his First Amendment rights to free speech.
The SEC says the arrangement doesn't restrict Musk's freedom of speech because as long as his statements are not false or misleading, they would be approved.
Meanwhile, Tesla's shares fell 8% in midday trading Thursday after the company said it churned out 77,100 vehicles in the first quarter, well behind the pace it must sustain to fulfill Musk's pledge to manufacture 500,000 cars annually. |
|
|
|
|
|
|
Philippine Supreme Court orders release of drug war evidence
Legal Career News |
2019/04/01 16:18
|
The Philippine Supreme Court on Tuesday ordered the release of police documents on thousands of killings of suspects in the president’s anti-drug crackdown, in a ruling that human rights groups said could shed light on allegations of extrajudicial killings.
Supreme Court spokesman Brian Keith Hosaka said the court ordered the government solicitor-general to provide the police reports to two rights groups which had sought them. The 15-member court, whose justices are meeting in northern Baguio city, has yet to rule on a separate petition to declare President Rodrigo Duterte’s anti-drug campaign unconstitutional.
Solicitor-General Jose Calida had earlier agreed to release the voluminous police documents to the court but rejected the requests of the two groups, the Free Legal Assistance Group and the Center for International Law, arguing that such a move would undermine law enforcement and national security.
The two groups welcomed the court order. “It’s a big step forward for transparency and accountability,” said Jose Manuel “Chel” Diokno, who heads the Free Legal Assistance Group.
He said the documents will help the group of human rights lawyers scrutinize the police-led crackdown that was launched when Duterte came to office in mid-2016, and the massive number of killings that the president and police say occurred when suspects fought back and endangered law enforcers, Diokno said.
“This is an emphatic statement by the highest court of the land that it will not allow the rule of law to be trampled upon in the war on drugs. It is a very important decision,” said Joel Butuyan, president of the Center for International Law.
“These documents are the first step toward the long road to justice for the petitioners and for thousands of victims of the ‘war on drugs’ and their families,” Butuyan said.
More than 5,000 mostly poor drug suspects have died in purported gunbattles with the police, alarming Western governments, U.N. rights experts and human rights watchdogs. Duterte has denied ordering illegal killings, although he has publicly threatened drug suspects with death.
The thousands of killings have sparked the submission of two complaints of mass murder to the International Criminal Court. Duterte has withdrawn the Philippines from the court.
After holding public deliberations on the two groups’ petitions in 2017, the Supreme Court ordered the solicitor-general to submit documents on the anti-drug campaign, including the list of people killed in police drug raids from July 1, 2016, to Nov. 30, 2017, and documents on many other suspected drug-linked deaths in the same period that were being investigated by police. |
|
|
|
|
|
|
Unions in court over laws limiting Wisconsin governor, AG
Legal Career News |
2019/03/22 12:25
|
Laws passed by the Republican-controlled Wisconsin Legislature during a lame-duck session in December that weakened powers of the Democratic governor and attorney general were back before a circuit judge Monday, less than a week after another judge struck them down as unconstitutional.
Republicans appealed last week's ruling, and the state appeals court could rule as soon as Monday on that request to immediately reinstate the laws and put last week's ruling on hold.
Gov. Tony Evers moved quickly after last week's order to rescind 82 of former Republican Gov. Scott Walker's appointments that the state Senate confirmed during the lame-duck session. And Attorney General Josh Kaul, at Evers' order, moved to withdraw Wisconsin from a multi-state lawsuit seeking repeal of the Affordable Health Care Act, a power taken away from him during the lame-duck session.
The judge last week ruled that the laws were illegally passed because the type of session lawmakers used to meet in December was unconstitutional. Republicans called themselves into "extraordinary session" to pass the bills, but Dane County Circuit Judge Richard Niess said there was no basis in state law to call such sessions.
The attorney for Republican lawmakers, Misha Tseytlin, argued that the ruling jeopardizes the validity of thousands of other laws passed during extraordinary sessions.
That case was brought by the League of Women Voters and other groups.
The lawsuit being heard Monday was filed by a coalition of five unions. They argue that the laws violate the state constitution's separation of powers doctrine because they take power from the executive branch and transfer them to the Legislature.
Republicans counter that the laws are constitutional and ensure a proper balance of power between the executive and legislative branches.
The case is being heard by Dane County Circuit Judge Frank Remington. The judge held oral arguments on Monday, beginning the proceedings by informing all the parties that he's already drafted a written decision but wanted clarifications. He blocked off the entire day for the hearing. |
|
|
|
|
|
|
Court to rule on Newtown shooting lawsuit against gun maker
Legal Career News |
2019/03/14 12:27
|
The Connecticut Supreme Court is scheduled to rule on whether gun maker Remington can be sued for making the Bushmaster rifle used to kill 20 children and six educators at Sandy Hook Elementary School in 2012.
Justices are split on the question as the court is scheduled to release majority and dissenting opinions Thursday.
The plaintiffs include a survivor and relatives of nine people killed in the massacre. They argue the AR-15-style rifle used by shooter Adam Lanza was designed as a military killing machine and is too dangerous for the public, but Remington glorified the weapon in marketing it to young people.
A lower court judge dismissed the lawsuit in 2016, agreeing with Remington that federal law shields gun makers from liability when their products are used in crimes. |
|
|
|
|
|
|
Court rejects Ghosn’s request to attend Nissan board meeting
Legal Career News |
2019/03/11 12:33
|
A Japanese court has rejected a request by former Nissan chairman Carlos Ghosn, released on bail last week, to attend the Japanese automaker’s board meeting on Tuesday.
Nissan dismissed Ghosn as chairman after his Nov. 19 arrest, but he remains on the board. The Tokyo District Court said it rejected Ghosn’s request on Monday but did not elaborate on the reasons.
It had been unclear whether Ghosn could attend the board meeting. The court’s approval was needed based on restrictions imposed for his release on bail. The restrictions say he cannot tamper with evidence, and attending the board meeting could be seen as putting pressure on Nissan employees.
Prosecutors had been expected to argue against his attendance. They were not available for immediate comment.
Ghosn has been charged with falsifying financial reports in underreporting his compensation and breach of trust in making payments to a Saudi businessman and having Nissan shoulder investment losses.
He insists he is innocent, saying the compensation was never decided or paid, the payments were for legitimate services and Nissan never suffered the losses.
Since his release on March 6 from Tokyo Detention Center on 1 billion yen ($9 million) bail, he has been spotted taking walks in Tokyo with his family, but he has not made any comments.
His attempt to exercise what his lawyer, Junichiro Hironaka, called his “duty” by attending the board meeting signals one way he may be fighting back.
Hironaka has said Ghosn will speak to reporters soon. A date for a news conference has not been announced. |
|
|
|
|
|
Legal News RSS Feed
