A federal decide has ordered X proprietor Elon Musk to testify once more earlier than the Securities and Trade Fee as a part of its investigation into the billionaire’s acquisition of Twitter.
On Thursday, Choose Laurel Beeler of the Northern District of California didn’t situation a selected date for the testimony to happen, leaving each events to determine it out for themselves. Nevertheless, she did emphasize that if no determination might be reached, his testimony would happen in San Francisco in February.
Mr. Musk‘s attorneys initially tried to get him out of any additional questioning by the SEC by claiming that the company didn’t have the authority to situation subpoenas, which Choose Beeler rejected. Additionally they tried to categorize the SEC‘s investigation as “harassment” and get it dismissed, which Choose Beeler didn’t purchase.
“You’ve obtained yet another four-hour deposition, yet another day of depositions to outlive and it’s over,” she mentioned Thursday. “It appears unlikely there’s going to be any extra problem.”
The choice is the most recent in a years-long authorized battle between the world’s richest man and the SEC.
The SEC opened a probe into Mr. Musk in April 2022 after he started posting about buying Twitter. He cooperated with the company and even testified by way of video name in July. Nevertheless, the SEC was not happy with Mr. Musk‘s solutions and requested him to testify once more in September, a request he refused.
The SEC adopted with a lawsuit in October in opposition to the billionaire to get him to reply their questions referring to his buying of Twitter, which he has since renamed X.
