Elon Musk ordered to testify in US market regulator's Twitter probe
10 months, 1 week ago

Elon Musk ordered to testify in US market regulator's Twitter probe

Hindustan Times  

A federal court in California is enforcing a subpoena for Elon Musk to testify before the US Securities and Exchange Commission regarding potential violations of federal securities laws in connection with his purchase of Twitter. Elon Musk The court ruled the evidence gathered is relevant and material to the SEC’s investigation and the testimony required of Musk is not unduly burdensome, a court filing Saturday said. Musk’s counsel agreed with the SEC to testify last September before requesting to postpone the meeting by one day and later refusing to appear, according to the filing dated Saturday. The Tesla CEO and co-founder, whose purchase of Twitter, now known as X, concluded in October of 2022, refutes the grounds for the SEC’s investigation, calling it baseless and claiming it seeks irrelevant information, court filings say.

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