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The SEC plans to impose sanctions on Musk for failing to testify in court about the Twitter acquisition
The SEC intends to impose sanctions on Mr. Musk for failing to appear in court on his scheduled date of September 19, 2024, and to testify to financial regulators about the $44 billion Twitter acquisition. The SEC is also seeking monetary relief to cover lost travel costs as a result of Mr. Musk's cancellation, as well as "all other relief" the court may grant the SEC. Musk's legal counsel emphasized that the Securities Exchange Commission had accepted to reschedule the meeting for February.
2024-09-21 12:38:14
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