The agency is examining whether Musk followed the law when filing required paperwork about his purchases of Twitter stock, and whether his statements in relation to the deal were misleading.
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The webpage from Reuters reports on a recent development in the case between Tesla CEO Elon Musk and the U.S. Securities and Exchange Commission (SEC). A U.S. federal judge has ordered Musk to testify in the SEC's investigation into his $44 billion takeover of Twitter, which Musk subsequently renamed X. The SEC is probing whether Musk followed the law when filing paperwork about his Twitter stock purchases and whether his statements regarding the deal were misleading. Musk, who has previously accused the SEC of harassment, has been ordered to agree with the regulator on a date and location for the interview within a week. This order formalizes a tentative ruling made in December. If the two parties cannot agree, the judge will decide for them.
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The webpage from Reuters reports on a recent development in the case between Tesla CEO Elon Musk and the U.S. Securities and Exchange Commission (SEC). A U.S. federal judge has ordered Musk to testify in the SEC's investigation into his $44 billion takeover of Twitter, which Musk subsequently renamed X. The SEC is probing whether Musk followed the law when filing paperwork about his Twitter stock purchases and whether his statements regarding the deal were misleading. Musk, who has previously accused the SEC of harassment, has been ordered to agree with the regulator on a date and location for the interview within a week. This order formalizes a tentative ruling made in December. If the two parties cannot agree, the judge will decide for them.
SummaryBot via The Internet
Feb. 11, 2024, 4:24 p.m.