Skip to main content
https://www.highperformancecpmgate.com/rgeesizw1?key=a9d7b2ab045c91688419e8e18a006621

Tesla asked law firm to fire attorney who worked on Elon Musk probe at SEC, report says

Patrick Pleul | picture alliance | Getty Images
A Tesla lawyer has asked a law firm to fire one of its lawyers or risk losing his job for the electric carmaker led by Elon Musk, The Wall Street Journal reported on Saturday. 

The Tesla lawyer  wanted Cooley LLP to fire previously worked at the United States Securities and Exchange Commission. The attorney questioned Musk as part of the agency's investigation into the Tesla CEO's claim in 2018  that he secured funding to take Tesla private,  the publication said. 

The investigation led to a settlement in which Musk and Tesla agreed to pay a fine of $20 million  each and Musk agreed to step down for three years as Tesla chairman. 

Tesla's attorney late last year asked Cooley to fire the attorney working on the SEC investigation, the Journal reported, citing people familiar with the matter. The firm did not fire the partner. 

Tesla has offered to replace Cooley or hire other attorneys in several cases since December, according to the Journal. 

Musk's rocket company, SpaceX, has also stopped working with the law firm on regulatory matters, she also stopped working. with the law firm, the Journal reported, citing people familiar with the matter.
Tesla has its  ties to the SEC. The company hired David Misler, a former defense attorney for the agency, as legal counsel. Musk has faced more regulators than the SEC. 

The National Highway Traffic Safety Administration has investigated whether Tesla's Autopilot  assistance system is at least partially responsible for incidents where Tesla cars crashed into parked first responder vehicles. 

The agency called Missy Cummings, a Duke University professor, automated systems expert, former Navy fighter pilot and Tesla critic, as a consultant on the investigation. 

Musk tweeted in October  that "his resume is extremely biased in favor of Tesla," prompting outcry among his supporters. 

NHTSA then asked Cummings to recuse himself from Tesla-specific questions, the Journal reported on Saturday.

Source: CNBC


Comments

Post a Comment

Popular posts from this blog

How the world’s largest cannabis dispensary avoids social media restrictions

Planet 13 is the world’s largest cannabis dispensary. Located in Las Vegas, blocks off the Strip, the facility is the size of a small Walmart. By design, it’s hard to miss. Planet 13 is upending the dispensary model. It’s big, loud and visitors are encouraged to photograph everything. As part of the cannabis industry, Planet 13 is heavily restricted on the type of content it can publish on Instagram, Facebook and other social media platforms. It’s not allowed to post pictures of buds or vapes on some sites. It can’t talk about pricing or product selection on others.   View this post on Instagram   A post shared by Morgan Celeste SF Blogger (@bayareabeautyblogger) on Jan 25, 2020 at 7:54pm PST Instead, Planet 13 encourages its thousands of visitors to take photos and videos. Starting with the entrance, the facility is full of surprises tailored for the ‘gram. As a business, Planet 13’s social media content is heavily restricted a...
3 comments
Read more

Uber co-founder Garrett Camp steps back from board director role

Uber co-founder Garrett Camp is relinquishing his role as a board director and switching to board observer — where he says he’ll focus on product strategy for the ride hailing giant. Camp made the announcement in a short Medium post in which he writes of his decade at Uber: “I’ve learned a lot, and realized that I’m most helpful when focused on product strategy & design, and this is where I’d like to focus going forward.” “I will continue to work with Dara [Khosrowshahi, Uber CEO] and the product and technology leadership teams to brainstorm new ideas, iterate on plans and designs, and continue to innovate at scale,” he adds. “We have a strong and diverse team in place, and I’m confident everyone will navigate well during these turbulent times.” The Canadian billionaire entrepreneur signs off by saying he’s looking forward to helping Uber “brainstorm the next big idea”. Camp hasn’t been short of ideas over his career in tech. He’s the co-founder of the web 2.0 recommendatio...
Post a Comment
Read more

Billionaire clothing dynasty heiress launches Everybody & Everyone to make fashion sustainable

Veronica Chou’s family has made its fortune at the forefront of the fast fashion business through investments in companies like Michael Kors and Tommy Hilfiger . But now, the heiress to an estimated $2.1 billion fortune is launching her own company, Everybody & Everyone , to prove that the fashion industry can be both environmentally sustainable and profitable. There’s no argument about the negative impacts of the fashion industry on the environment. The textiles industry primarily uses non-renewable resources — on the order of 98 million tons per year. That includes the oil to make synthetic fibers, fertilizers to grow cotton, and toxic chemicals to dye, treat, and produce the textiles used to make clothes. The greenhouse gas footprint from textiles production was roughly 1.2 billion tons of CO2 equivalent in 2015 — more than all international flights and maritime shipments combined (and a lot of those maritime shipments and international flights were hauling clothes). The lit...
Post a Comment
Read more