Judge Orders Elon Musk to Testify in SEC Probe of Twitter Takeover

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13 February 2024

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Elon Musk's Testimony in SEC Probe of Twitter Takeover

Subject : Business

Judge Orders Elon Musk to Testify in SEC Probe of Twitter Takeover

A federal judge has ordered Elon Musk to testify for a third time in the Securities and Exchange Commission's (SEC) investigation into his USD 44 billion purchase of Twitter, now called X, in 2022. Magistrate Judge Laurel Beeler issued an order on Saturday giving Musk, his team, and the SEC a week to agree on a date and location for Musk's testimony. The SEC is conducting a fact-finding investigation into the period before Musk's Twitter takeover, when the San Francisco-based social media company was still publicly traded. Musk has already testified in the case twice, but the SEC has received thousands of new documents from various parties since then. Musk had previously argued that the SEC's investigation is baseless and harassing and seeks irrelevant information.

SEC investigation - Twitter takeover - Elon Musk testimony - Subpoena - Relevant information - Unduly burdensome - Fact-finding investigation - Publicly traded company - Misleading statements - Securities laws

#SECInvestigation #TwitterTakeover #ElonMuskTestimony

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