SEC investigation
Musk must testify again on Twitter takeover
Elon Musk must testify again as part of the US Securities and Exchange Commission's investigation into his 44 billion dollar takeover of Twitter. The investigations, which Musk describes as harassment, are legitimate government investigations, US District Judge Jacqueline Scott Corley explained her decision on Tuesday. Musk had not proven that the subpoena was inappropriate.
The billionaire said the SEC had tried to "harass" him with a series of subpoenas. The investigation centers on whether Musk violated federal securities laws when he purchased Twitter shares in 2022. The agency is also reviewing statements and filings with the SEC in connection with the transaction.
The SEC had sued Musk in October to compel the head of electric car maker Tesla and rocket company SpaceX to testify after he refused to participate in a deposition as part of the investigation in September. Musk had lodged an objection.
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