SEC Planning Sanctions Against Elon Musk After Missed Testimony In Twitter Probe [Forbes]
Amazon.com, Inc. (AMZN)
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Source: Forbes
investigation into his $44 billion Twitter buyout, according to a Friday court filing , though a new testimony date has been made for early October. The filing was issued Friday in San Francisco. (Photo by Michael M. Santiago/Getty Images) Getty Images Key Facts Musk did not show for his Sept. 10 appearance in Los Angeles, according to the filing, which noted the SEC intends to seek an order to demand Musk explain why he should not be held in civil contempt for telling the SEC on short notice that he would testify then. The scheduling conflict stemmed from a SpaceX rocket launch Musk attended, with the tech executive notifying the SEC of his intention to attend the launch three hours before his testimony was supposed to begin, “and after the SEC spent thousands of dollars to fly three attorneys to Los Angeles” according to the filing. The SEC said the “Musk excuse itself smacks of gamesmanship,” citing the announcement of the launch being made two days before the scheduled
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