Elon Musk investigated by federal authorities over the $44 billion Twitter deal, the company says | Businessinsider

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Elon Musk investigated by federal authorities over the $44 billion Twitter deal, the company says.

In a letter addressed to Judge Kathaleen St. Jude McCormick on October 6, Twitter requested the court compel Musk's team to hand over any correspondence with federal authorities. The request was made the same day that McCormick put the Twitter v. Musk trial"This game of 'hide the ball' must end," the company said in the letter."Twitter wants those documents, because they bear upon key issues in this litigation.

Twitter and Musk's representatives did not immediately respond to Insider's request for comment made outside normal working hours. The company did not specify in the letter the exact focus of the investigation, or which federal authorities were conducting them. The letter did, however, reference communications between Musk, the US Securities and Exchange Commission, and the Federal Trade Commission.to Musk asking him to explain the delay in disclosing his 9.2% stake in the company.that Twitter's court filing was a"misdirection," adding:"It is Twitter's executives that are under federal investigation.

 

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