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Bret Hartman
Billionaire Elon Musk will have to appear again before the Securities and Exchange Commission (SEC) in the federal court in California as part of an inquiry into potential violations in the $44 billion purchase of Twitter (now X) in 2022, according to Bloomberg.
The evidence acquired was deemed relevant and material to the SEC's investigation by the court. According to Reuters, the billionaire and the regulator now have a week to decide on the location and time of the meeting.
To force Musk to appear as part of its probe into the Twitter acquisition, the SEC filed a lawsuit against him in October. This followed Musk's September refusal to provide a testimony in the matter. The billionaire claimed the regulator was pressuring him, adding that he had already given two testimonies.
source: bloomberg.com
The evidence acquired was deemed relevant and material to the SEC's investigation by the court. According to Reuters, the billionaire and the regulator now have a week to decide on the location and time of the meeting.
To force Musk to appear as part of its probe into the Twitter acquisition, the SEC filed a lawsuit against him in October. This followed Musk's September refusal to provide a testimony in the matter. The billionaire claimed the regulator was pressuring him, adding that he had already given two testimonies.
source: bloomberg.com
