"The Court must make clear that Musk's gamesmanship and delay tactics must cease," stated the SEC regarding his failure to appear for testimony.
Musk's attorney declined to reschedule the hearing for September 11, only agreeing to court dates in October, citing scheduling conflicts.
The SEC plans to seek "meaningful conditional relief" regarding Musk's future court appearances and to recoup expenses related to the canceled testimony.
The investigation focuses on alleged delays in Musk's disclosure of his Twitter stock purchases, potentially misleading statements during the acquisition process."
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