Emma Roth
2024-05-30 12:11:57
www.theverge.com
Elon Musk has agreed to testify in the Securities and Exchange Commission’s investigation into his $44 billion acquisition of Twitter. A legal document filed on Thursday shows that Musk waived his right to appeal a court order that requires him to testify.
This means Musk will have to appear at one of the SEC’s offices for an up to five-hour interview. The document says Musk and the SEC have already agreed to a date, but it’s not disclosed “for confidentiality purposes.”
In 2022, the SEC opened an investigation into Musk’s failure to properly disclose his stake in Twitter. But the SEC filed a lawsuit against Musk last October after he refused to testify in the agency’s probe. The SEC claims Musk “abruptly notified the SEC staff that he…
Source Link
