Feds seek sanctions against Elon Musk after tech mogul skipped testimony for probe into $44B Twitter takeover
Briefly

from New York Post5 months ago
The SEC filed a motion seeking sanctions against Elon Musk for failing to appear for court-ordered testimony regarding his $44 billion takeover of Twitter.
New York Posthttps://nypost.com/2024/09/20/business/elon-musk-facing-potential-sanctions-by-sec-for-not-testyfing-over-twitter-takeover/
Lawyers for Musk describe the sanctions as "drastic" and "unnecessary," emphasizing that his testimony has been rescheduled for October 3.
New York Posthttps://nypost.com/2024/09/20/business/elon-musk-facing-potential-sanctions-by-sec-for-not-testyfing-over-twitter-takeover/
The SEC's investigation centers on whether Musk violated federal securities laws during his Twitter stock purchase in 2022.
New York Posthttps://nypost.com/2024/09/20/business/elon-musk-facing-potential-sanctions-by-sec-for-not-testyfing-over-twitter-takeover/
Elon Musk has claimed that the SEC's actions, including subpoenas, amount to harassment, as he previously refused an interview for the probe.
New York Posthttps://nypost.com/2024/09/20/business/elon-musk-facing-potential-sanctions-by-sec-for-not-testyfing-over-twitter-takeover/
Read at New York Post
#elon-musk #sec #twitter #sanctions #investigations
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