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Thursday, June 13, 2024

Elon Musk lastly agrees to testify within the SEC’s Twitter investigation

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Illustration by Kristen Radtke / The Verge; Getty Photos

Elon Musk has agreed to testify within the Securities and Alternate Fee’s investigation into his $44 billion acquisition of Twitter. A legal document filed on Thursday reveals that Musk waived his proper to enchantment a court order that requires him to testify.

This implies Musk must seem at one of many SEC’s workplaces for an as much as five-hour interview. The doc says Musk and the SEC have already agreed to a date, however it’s not disclosed “for confidentiality functions.”

In 2022, the SEC opened an investigation into Musk’s failure to properly disclose his stake in Twitter. However the SEC filed a lawsuit against Musk final October after he refused to testify within the company’s probe. The SEC claims Musk “abruptly notified the SEC employees that he…

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