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James D. Rosener Quoted in Business Insider Article, 'Elon Musk's 'Funding Secured' Tweet Could Cost Tesla Millions, Former SEC Chairman Says'

8/14/2018
James D. Rosener Quoted in Business Insider Article, 'Elon Musk's 'Funding Secured' Tweet Could Cost Tesla Millions, Former SEC Chairman Says'

James D. Rosener, a partner in the Commercial Department of Pepper Hamilton, was quoted in the August 10, 2018 Business Insider article, "Elon Musk's 'Funding Secured' Tweet Could Cost Tesla Millions, Former SEC Chairman Says." The quote was also printed in the August 10, 2018 Business Insider article, "Tesla Is Reportedly in Early Discussions with Investors About Funding to Go Private."

Musk's failure to clarify his tweets indicating Tesla is a shareholder vote away from becoming a private company is a problem, James Rosener, a partner at the law firm Pepper Hamilton who specializes in private equity and corporate financing, told Business Insider.

"The fact that there has been no announcement clarifying, confirming, or denying the financing is surprising and puts Tesla and Musk at great risk," he said in an email.

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