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Jay A. Dubow, a partner with Pepper Hamilton, a member of the firm’s White Collar Litigation and Investigations Practice Group and a co-chair of the Securities and Financial Services Enforcement Group, was quoted in the May 2, 2020 Los Angeles Times article, "Musk Caps a Strange Week by Suggesting Tesla's Stock Price Should Fall. So It Did."
Musk’s latest tweet puts pressure on the SEC, said Jay Dubow, an attorney and securities expert at law firm Pepper Hamilton.
"He's really rubbing their noses in it," he said. "It's clearly a breach of the [decree]. If they don't do something, they run the risk of looking like people can flout their orders."
"They're really hamstrung about this because the company is essentially [Musk] at this point," Dubow said. "I don't know what recourse they have. They're not going to fire him."
"I don't know how comfortable I'd be in that situation," Dubow said. As a Tesla board member, "do you have to sue Musk if he's not going to live up to his bargain? It's a strange situation."