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11mo ago

Federal Court Orders Elon Musk to Testify Again in SEC's Twitter Takeover Investigation

Judge rules SEC's probe into Musk's acquisition of Twitter, now X, is a legitimate government investigation, rejecting claims of harassment.

Overview

  • Elon Musk must comply with a federal court order to testify in the SEC's investigation into his $44 billion Twitter acquisition.
  • The SEC is examining whether Musk violated federal securities laws during his purchase of Twitter stock in 2022.
  • Musk previously resisted the SEC's subpoenas, alleging the agency was harassing him.
  • This legal battle adds to Musk's history of conflicts with the SEC, dating back to his 2018 'funding secured' tweet about Tesla.
  • The court's decision underscores ongoing scrutiny of Musk's business practices and regulatory compliance.