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The U.S. Securities and Exchange Commission 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...
The U.S. Securities and Exchange Commission (SEC) has asked a federal court to force Elon Musk to testify for its investigation into his takeover of Twitter. This is the third time the SEC has taken Musk to court, with previous lawsuits related to tweets he made about Tesla. Former SEC officials believe the SEC is on solid ground in this case, as the law is clear-cut regarding investigative demands. If Musk defies the court, he could face fines or even jail time. The SEC is investigating whether Musk broke securities laws in 2022 when he bought stock in Twitter. Musk has objected to testifying...
The U.S. Securities and Exchange Commission 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...
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 might lose his latest battle with the SEC over Twitter probe