Elon Musk didn't show up for testimony in a probe over his $44 billion Twitter takeover. Now the SEC wants sanctions [CNN]
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Source: CNN
testimony in an investigation related to his takeover of Twitter, now called X, the regulator said in a court filing Friday. Earlier this year, a federal judge ordered Musk to testify as part of the SEC's probe of the billionaire's $44 billion acquisition. The agency is examining whether Musk followed the law when disclosing his purchases of Twitter stock and whether his statements in relation to the deal were misleading. After some initial scheduling back-and-forth, the parties had agreed that Musk would testify on September 10, and SEC lawyers flew to Los Angeles to take Musk's testimony, according to Friday's court filing. But three hours before his testimony was set to begin, Musk's lawyer told the SEC that his client, who also runs SpaceX, had to urgently travel to the East Coast for the launch of the Polaris Dawn mission and would be unable to attend the testimony or reschedule to the following day, the filing states. Ad Feedback The two parties then struggled to find a
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