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.
- 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.