(Reuters) – Elon Musk has settled his newest authorized battle with the U.S. Securities and Change Fee by agreeing to testify for the regulator’s probe into his 2022 acquisition of social media website Twitter, in accordance to a Thursday courtroom submitting.
Musk and the SEC have agreed on an undisclosed date when the Tesla (NASDAQ:) chief govt will endure questioning, they stated in courtroom papers. Musk additionally agreed not to enchantment the courtroom resolution that ordered him to adjust to the company’s subpoena.
The SEC sued Musk in October to compel him to testify after he refused to attend a September interview for the investigation. The billionaire stated the SEC was attempting to “harass” him by means of unwarranted investigations.
The probe issues whether or not Musk broke federal securities legal guidelines in 2022 when he purchased stock in Twitter, which he later renamed X. Additionally it is reviewing statements and SEC filings he made in relation to the deal, the company has beforehand stated.
Elon Musk to testify in SEC probe over Twitter stock disclosures By Reuters www.investing.com 2024-05-30 14:55:51
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