Get the latest tech news
Elon Musk ordered to testify in Twitter takeover investigation
Elon Musk has been ordered to answer to a federal judge concerning his takeover of Twitter in an ongoing US SECommission investigation
The SEC is challenging whether Musk adhered to the correct legal process when filing the necessary paperwork for his purchase of Twitter and if he made misleading statements during the transaction. Tensions between the X supremo and the SEC commenced back in 2018 when the body sued him after he tweeted “funding secured” relating to a potential move to take Tesla private. Musk agreed to a Tesla lawyer vetting his tweets regarding the company, to settle the case, but he was sued again, the following year, for an alleged breach of the agreement.
Or read this on ReadWrite
