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William N. Haddad
NBCNews.com quotes Bill Haddad on the legalities of Elon Musk's tweet about taking Tesla private
On August 8, 2018, Bill Haddad was quoted in NBCNews.com regarding Tesla CEO Elon Musk's comment via Twitter about taking the company private.
According to experts, there was nothing clearly illegal about his tweet, which was seen as highly unusual. For public companies, there are strict disclosure requirements, which are regulated by the SEC. Generally, a corporation issues a press release over a variety of methods, filing a Form 8-K with the agency to make sure that all investors have equal access to information that could drive financial decisions.
Commenting on if Musk has overstepped any legal bounds so far, Mr. Haddad said, "I don't know that he's in trouble yet. His concern should be to be careful that his representations are in line [with reality]."