SEC wants Elon Musk sanctioned after he skipped Twitter testimony to watch a rocket launch
3 months ago

SEC wants Elon Musk sanctioned after he skipped Twitter testimony to watch a rocket launch

Salon  

The Securities and Exchange Commission is seeking sanctions against Elon Musk after he no-showed a planned testimony concerning his purchase of Twitter earlier this month. The SpaceX head was ordered to testify as part of an ongoing SEC investigation into his 2022 purchase of Twitter for $44 billion, probing whether Musk intentionally failed to make proper legal disclosures when buying Twitter shares and whether he made misleading statements to sway the deal. The SEC says they were notified just hours before the hearing that Musk was on the other side of the country attending a planned SpaceX rocket launch. “Despite this advance knowledge, Musk did not notify the SEC of his intent to attend the launch until three hours before his testimony was to begin, and after the SEC spent thousands of dollars to fly three attorneys to Los Angeles,” attorneys for the SEC said in a filing on Friday. The card game manufacturer purchased the land in an attempt to prevent the construction of a border wall by then-President Donald Trump and claims Musk's nearby SpaceX facilities have been leaving equipment on their land.

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