Technology

Elon Musk Likely To Face SEC Sanctions for Missing Testimony in Twitter Takeover Case

Elon Musk likely to face SEC sanctions for canceling a September 10 testimony regarding his Twitter acquisition, citing urgent SpaceX business. The SEC now seeking meaningful conditional relief if he misses his rescheduled October date.

Published: Sep 21, 2024 12:21 PM IST
Elon Musk Likely To Face SEC Sanctions for Missing Testimony in Twitter Takeover Case

Elon Musk is facing potential sanctions from the US Securities and Exchange Commission (SEC) after he reportedly failed to appear for a scheduled testimony regarding his acquisition of Twitter, now known as X.  According to a post by X Daily News (@xDaily), the SEC claims that Musk cancelled his September 10 testimony, citing urgent SpaceX business. The SEC claims Musk violated a court order about his inability to attend the September 10 hearing. The SEC accused Musk after he failed to notify them until 3 hours before the scheduled testimony. The SEC now seeks meaningful conditional relief if Musk misses his rescheduled October date. X Ban in Brazil: Elon Musk-Run Company Fulfills One of Court’s Requirements To Withdraw Ban, Names Legal Representative in Country.

SEC Plans To Seek Sanctions Against Elon Musk Over Missed Testimony in Twitter Takeover Case

(The above story first appeared on LatestLY on Sep 21, 2024 12:21 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).

Related Topics

Elon Musk SEC Securities and Exchange Commission SpaceX Twitter US