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SEC Asks Judge To Sanction Elon Musk For Skipping Deposition Over Twitter Acquisition

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Elon Musk,SEC,Twitter Acquisition

The U.S. Securities and Exchange Commission (SEC) has asked a federal judge to penalize Elon Musk if he continues to disobey court orders to appear for a deposition related to his 2022 acquisition of Twitter (now known as X). The SEC alleges that Musk recently canceled a scheduled deposition at the last minute, resulting in wasted time and resources for the agency.

The SEC has asked a federal judge to sanction Elon Musk if he continues to violate the court's order to appear for a deposition in a probe of his 2022 Twitter acquisition.

Elon Musk, Chief Executive Officer of SpaceX and Tesla and owner of X looks on during the Milken Conference 2024 Global Conference Sessions at The Beverly Hilton in Beverly Hills, California, U.S., May 6, 2024.if he continues to violate the court's order to appear for a deposition in a probe of his 2022 Twitter acquisition.

"Musk has now failed to appear before the SEC twice: first in September 2023, in defiance of a lawful administrative subpoena, and last week, in defiance of a clear court order," SEC attorney Robin Andrews said in the Friday filing."The Court must make clear that Musk's gamesmanship and delay tactics must cease," Andrews wrote.

"Without further action by the Court, nothing deters Musk" from "simply failing to show up for that date," Andrews wrote.

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SEC will sanction Elon Musk over missed testimony about his acquisition of TwitterRooted in fact-based, transparent reporting, Newsy is an award-winning opinion-free network owned by the E.W. Scripps Company that is relentlessly focused on “the why” of every story and seeks to enable a more intimate and immersive understanding of the issues that matter.
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