Elon Musk has agreed to testify within the Securities and Trade Fee’s investigation into his $44 billion acquisition of Twitter. A authorized doc filed on Thursday exhibits that Musk waived his proper to enchantment a court docket order that requires him to testify.
This implies Musk should seem at one of many SEC’s places of work for an as much as five-hour interview. The doc says Musk and the SEC have already agreed to a date, nevertheless it’s not disclosed “for confidentiality purposes.”
In 2022, the SEC opened an investigation into Musk’s failure to correctly disclose his stake in Twitter. However the SEC filed a lawsuit in opposition to Musk final October after he refused to testify within the company’s probe. The SEC claims Musk “abruptly notified the SEC workers that he…
