Reported about 1 month ago
The SEC has deemed Elon Musk's offer of $2,923 inadequate for failing to appear for a scheduled deposition regarding his Twitter purchase investigation. Instead of accepting the reimbursement for the lawyers' travel expenses, the SEC is pushing for a court sanction to stress the seriousness of Musk's absence. Musk's legal team argues the court's options are limited due to his offer, but the SEC insists accountability is necessary for Musk's disregard for the court's requirements.
Source: YAHOO