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WASHINGTON (Reuters) -The U.S. Securities and Exchange Commission (SEC) has taken Elon Musk to court again, and this time it may win. The agency on Thursday asked a federal court to force Musk to testify for its investigation into his $44 billion takeover of social media giant Twitter, the third time the SEC has taken Musk to court. It sued him in 2018 and again in 2019 in relation to a tweet Musk sent saying that he had funding secured to take his electric carmaker Tesla private.

WASHINGTON (Reuters) -The U.S. Securities and Exchange Commission (SEC) has taken Elon Musk to court again, and this time it may win. The agency on Thursday asked a federal court to force Musk to testify for its investigation into his $44 billion takeover of social media giant Twitter, the third time the SEC has taken Musk to court. It sued him in 2018 and again in 2019 in relation to a tweet Musk sent saying that he had funding secured to take his electric carmaker Tesla private.

Elon Musk called for an overhaul of the Securities and Exchange Commission (SEC) on Thursday, the same day the agency sued him in an effort to compel him to testify about his purchase of Twitter, the platform now known as X. “A comprehensive overhaul of these agencies is sorely needed, along with a commission to…

Elon Musk is being sued by the U.S. Securities and Exchange Commission in an attempt to compel the CEO to testify regarding his 2022 purchase of Twitter, the social media site now known as X. Musk was previously subpoenaed but failed to appear in court for a testimony on Sept. 15, according to a complaint filed by SEC attorneys in the Northern District of California on Thursday, NBC News ...

The Tesla billionaire made a chaotic acquisition of Twitter last year.