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Jay A. Dubow Quoted in Reuters Article, 'U.S. Securities Regulator Subpoenas Tesla on Model 3 Production Estimates'

11/06/2018
Jay A. Dubow Quoted in Reuters Article, 'U.S. Securities Regulator Subpoenas Tesla on Model 3 Production Estimates'

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 November 2, 2018 Reuters article, "U.S. Securities Regulator Subpoenas Tesla on Model 3 Production Estimates."

Jay Dubow, a partner with Pepper Hamilton LLP and former branch chief in the SEC’s enforcement division, said the agency was likely looking at whether Tesla’s projections had been “based on fact or not.”

“It is possible for another SEC enforcement action down the road if it turns out that the projections were purposefully or recklessly made without a basis,” Dubow said.

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