A federal judge dismissed a lawsuit by Elon Musk's X Corp. seeking to block a New York law requiring social media companies to disclose how they handle hate speech, extremism and disinformation, multiple outlets reported Wednesday.

US District Judge John Cronan ruled that "the First Amendment poses no obstacle" to the law, known as the Stop Hiding Hate Act, according to the reports.

The judge said the law requires companies only "to speak truthfully about their offerings," supporting the free speech goal of "the discovery of truth," the reports said.

X had sued New York last year, arguing the law's provisions violate state and federal free speech guarantees, and sought to have them declared void and unenforceable.