"Elon Musk Ordered to Testify in SEC's Twitter Probe Again After Refusal"

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Source: NBC News
"Elon Musk Ordered to Testify in SEC's Twitter Probe Again After Refusal"
Photo: NBC News
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 previously refused to attend an interview as part of the probe, 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 action against Musk for a tweet in 2018 and an alleged breach of a provision in 2019.

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