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H. Peter Haveles, Jr. Quoted in Forbes Article, 'Tesla's Elon Musk Has Two Weeks to Explain Why He Didn't Violate SEC Deal'

2/27/2019
H. Peter Haveles, Jr. Quoted in Forbes Article, 'Tesla's Elon Musk Has Two Weeks to Explain Why He Didn't Violate SEC Deal'

H. Peter Haveles, Jr., a partner in the Trial and Dispute Resolution Practice Group of Pepper Hamilton, was quoted in the February 26, 2019 Forbes article, "Tesla’s Elon Musk Has Two Weeks To Explain Why He Didn’t Violate SEC Deal." The quote was also reprinted in the March 12, 2019 Forbes article, "SEC Gets to Rebut ‘Factual Assertions’ by Elon Musk’s Lawyers in Tesla Case" and the March 14, 2019 Forbes Middle East article, "Judge Says SEC Can Have a Crack at Statements by Elon Musk’s Lawyers."

While the judge could seek Musk's removal as CEO, that probably won't happen, said Peter Haveles, a partner at the law firm Pepper Hamilton LLP who's argued cases in Nathan's court.

"I think the likely result is that the judge will fine him. It will be a meaningful fine but it won't be a gargantuan fine" and probably less than the $20 million he paid last year," Haveles told Forbes.

"I think she will give him a very strict reprimand saying 'don't come to find yourself back in my courtroom again because if you do then I will contemplate the death penalty of banning you as CEO.'"

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"That interview destroys, or at least substantially damages, his credibility," Haveles said. "It just says 'I don't respect the process, I have no desire to comply.'"

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