Court orders Elon Musk to testify in the SEC’s investigation of his Twitter takeover

, a federal judge has ordered Elon Musk to comply with the U.S. Securities and Exchange Commission's subpoena and testify again in its probe of his Twitter takeover,reports. Per the order, which was filed Saturday night in a California court, Musk and the SEC now have a week to work out a time and place for his appearance or it will be decided for them. The, prompting the SEC to sue.

US Magistrate Judge Laurel Beeler sided with the SEC after Musk tried to challenge its subpoena, which he claims is seeking irrelevant information and is harassment, as he’s already been interviewed twice. But, the SEC says it has obtained new documents in relation to the probe and has further questions for the X owner. Musk also argued that the subpoena exceeds the SEC’s authority because it was issued by a staff member appointed by the SEC’s Director of Enforcement.

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.

Delaware Judge Throws Out Elon Musk's 2018 Pay PackageA Delaware state court judge has ruled that the 2018 pay package of Tesla CEO Elon Musk, which made him one of the richest people in the world, is invalid. Musk and the Tesla board failed to prove that the compensation plan was fair. The stock options Musk received as part of the package are worth $51 billion today.
Source: cnnbrk - 🏆 393. / 55 Read more »

Taylor Swift joins Elon Musk in trying to silence student who tracks celebrity jetsTaylor Swift’s attorney sent a cease-and-desist letter threatening legal action over a college student’s jet-tracking social media accounts.
Source: verge - 🏆 94. / 67 Read more »

Like a crappy Rebel Alliance, Gina Carano is working with Elon Musk to sue DisneySeveral years after being fired from The Mandalorian, Gina Carano wants a court to force Disney to rehire her
Source: TheAVClub - 🏆 340. / 59 Read more »