Reported 18 days ago
The U.S. Securities and Exchange Commission (SEC) has announced plans to seek sanctions against Elon Musk for failing to provide court-ordered testimony regarding his $44 billion acquisition of Twitter. Despite knowing about a scheduled testimony date of September 10, Musk informed the SEC just hours before that he would not attend, citing a SpaceX mission as an emergency. The SEC claims this was a tactic to delay proceedings, while Musk's legal team argues that his absence was necessary for safety reasons. Musk is under investigation for potential securities law violations related to his acquisition of Twitter shares.
Source: YAHOO