SEC seeks to compel Elon Musk to testify in investigation of Twitter acquisition

  • 📰 calgarysun
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 52%

Portugal Notícia Notícia

Portugal Últimas Notícias,Portugal Manchetes

The SEC said it is seeking a court order that would compel Elon Musk to testify as part of an investigation into his purchase of Twitter

SAN FRANCISCO — The Securities and Exchange Commission said Thursday it is seeking a court order that would compel Elon Musk to testify as part of an investigation into his purchase of Twitter, now called X.The SEC said in a filing in a San Francisco federal court that Musk failed to appear for testimony on Sept. 15 despite an investigative subpoena served by the SEC and having raised no objections at the time it was served.

After Musk signed a deal to acquire Twitter in April 2022, he tried to back out of it, leading the company to sue him to force him to go through with the acquisition. That complaint centered around whether Musk violated a regulatory deadline to reveal he had accumulated a stake of at least 5%. The lawsuit alleged that Musk’s actions hurt less wealthy investors who sold shares in the company in the nearly two weeks before Musk acknowledged holding a major stake.

Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 63. in PT
 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.

Portugal Últimas Notícias, Portugal Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

SEC seeks to compel Elon Musk to testify in investigation of Twitter acquisitionThe SEC said it is seeking a court order that would compel Elon Musk to testify as part of an investigation into his purchase of Twitter
Fonte: TheTorontoSun - 🏆 23. / 68 Consulte Mais informação »

US regulators seek to compel Elon Musk to testify in their investigation of his Twitter acquisitionSAN FRANCISCO (AP) — The Securities and Exchange Commission said Thursday it is seeking a court order that would compel Elon Musk to testify as part of an investigation into his purchase of Twitter, now called X. The SEC said in a filing in a San Francisco federal court that Musk failed to appear for testimony on Sept. 15 despite an investigative subpoena served by the SEC and having raised no objections at the time it was served. But “two days before his scheduled testimony, Musk abruptly notif
Fonte: YahooFinanceCA - 🏆 47. / 63 Consulte Mais informação »

U.S. regulators seek to compel Elon Musk to testify in their investigation of his Twitter acquisitionThe Securities and Exchange Commission said Thursday it is seeking a court order that would compel Elon Musk to testify as part of an investigation into his purchase of Twitter, now called X.
Fonte: CP24 - 🏆 30. / 67 Consulte Mais informação »