Elon Musk Ordered to Testify in SEC Probe of His $44 Billion Twitter Takeover in 2022

A judge has ordered Elon Musk to testify for a third time as part of the Securities and Exchange Commission’s investigation into his $44 billion purchase of Twitter, now called X, in 2022.

Magistrate Judge Laurel Beeler issued an order Saturday giving Musk, his team and the SEC a week to agree on a date and location for Musk’s testimony. In a court hearing last December, Beeler said she would issue an order if the two sides couldn’t agree on when and where the Tesla and SpaceX CEO would testify.

“The parties, at least initially, agreed to a date but ultimately the respondent did not appear and resists the subpoena on the grounds that the SEC’s investigation is baseless and harassing and seeks irrelevant information,” Beeler wrote in the order in federal court in Northern California.

Read the source article at AP News