Elon Musk sued by SEC to compel him to testify over Twitter deal

Elon Musk is being sued by securities regulators in connection with his $44 billion deal for Twitter Inc., a new wrinkle for the billionaire entrepreneur’s takeover of the social-media company last year.

“The SEC has already taken Mr. Musk’s testimony multiple times in this misguided investigation,” Musk’s private lawyer Alex Spiro said in emailed comments to MarketWatch. “Enough is enough.” Musk “attempted to justify his refusal to comply with the subpoena by raising, for the first time, several spurious objections,” the agency said.

Law Law Latest News, Law Law Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Elon Musk's Twitter stock purchases under investigation by SEC - court filingElon Musk's Twitter stock purchases under investigation by SEC - court filing
Source: Investingcom - 🏆 450. / 53 Read more »

Elon Musk's Twitter stock purchases under investigation by SEC - court filingElon Musk is under investigation for his disclosures of his purchases of Twitter stock in early 2022, according to a Thursday court filing by the U.S. Securities and Exchange Commission.
Source: Reuters - 🏆 2. / 97 Read more »

SEC Sues Elon Musk, Seeking Testimony in Twitter ProbeThe regulator filed suit in San Francisco federal court, seeking an order to compel the billionaire owner of the social-media platform X to appear.
Source: MarketWatch - 🏆 3. / 97 Read more »