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H. Peter Haveles Jr. Quoted in Wired Article, 'Keeping Tesla Public Won't Save Elon Musk From the SEC - or Angry Investors'

8/28/2018
H. Peter Haveles Jr. Quoted in Wired Article, 'Keeping Tesla Public Won't Save Elon Musk From the SEC - or Angry Investors'

H. Peter Haveles Jr., a partner in the Trial and Dispute Resolution Practice Group of Pepper Hamilton, was quoted in the August 28, 2018 Wired article, "Keeping Tesla Public Won't Save Elon Musk From the SEC—or Angry Investors."

In fact, the episode's conclusion might get the regulators even more interested in pursuing Musk, or Tesla. "The regulators aren’t really impressed by the 'JK' defense," says Peter Haveles Jr., a partner at the law firm Pepper Hamilton who represents financial institutions in enforcement actions. "There were two weeks of volatility in that stock. Because of the impact on the market, they’re not going to let go of this."

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"Corporate communications can be the salvation or the death of a company," says Haveles. "If Tesla wants to attract new investors to deal with the refinancing of its debt, those investors need the confidence that they can be repaid in five, 10 years. They want confidence in corporate responsibility." Relatedly: Tesla's board has reportedly ordered Musk to step away from Twitter, with mixed success.

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