"SEC Orders Elon Musk to Testify in Twitter Investigation"

1 min read
Source: CNBC
"SEC Orders Elon Musk to Testify in Twitter Investigation"
Photo: CNBC
TL;DR Summary

A federal judge has ordered Elon Musk to testify in the SEC's investigation of his $44 billion takeover of Twitter, giving both parties a week to agree on a date and location for the interview. The SEC is examining whether Musk followed the law when filing paperwork about his Twitter stock purchases and whether his statements were misleading. Musk had refused to attend an interview in September, accusing the SEC of harassment, but the judge rejected his argument, stating that the SEC had the authority to issue the subpoena. If an agreement on the interview cannot be reached, the judge will decide for them. This legal friction stems from previous SEC actions against Musk related to his tweets about Tesla.

Share this article

Reading Insights

Total Reads

0

Unique Readers

9

Time Saved

1 min

vs 2 min read

Condensed

63%

323120 words

Want the full story? Read the original article

Read on CNBC