SEC sues Elon Musk in Twitter purchase probe
Investing.com -- The U.S. Securities and Exchange Commission on Thursday sued Elon Musk to force him to provide testimony in the agency's probe into his purchase of Twitter last year.
In the complaint, lawyers for the SEC wrote that the"Musk's ongoing refusal was hindering and delaying" the agency's probe into whether federal securities laws were violated in the purchase of Twitter. The SEC alleges that Musk had previously raised no objection to a prior subpoena -- seeking further testimony that was issued in May 2023 -- until two days before his scheduled testimony date in September 2023, when he notified the SEC that he wouldn't appear.
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