DETROIT—Tesla CEO Elon Musk is appealing a federal court ruling that upheld a securities fraud settlement over Musk’s tweets claiming that he had the funding to take Tesla private in 2018.
Musk’s lawyer Alex Spiro filed a notice of appeal Wednesday with the federal appeals court in Manhattan. No grounds were stated, and a full filing with the Second Circuit Court of Appeals is expected later.
In April, U.S. District Judge Lewis Liman rejected Musk’s bid to throw the settlement that Musk signed with the Securities and Exchange Commission (SEC).
He also denied a motion to nullify a subpoena of Musk seeking information about possible violations of the settlement….