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From Fox Business: The U.S. Securities and Exchange Commission said it intends to seek sanctions against Elon Musk after he failed to appear and testify in court amid the agency’s probe into his $44 billion takeover of Twitter, which he renamed X.
The SEC is asking for a court order to show cause why the Tesla CEO and SpaceX owner should not be held in civil contempt after he said he wouldn’t appear a mere three hours before the scheduled Sept. 10 testimony, Reuters reported, citing a filing in San Francisco federal court.
Musk’s actions violated a May 31 court order compelling his testimony, it said.
Instead of appearing in court, Musk, 53, traveled to Florida’s Cape Canaveral the same day to observe the launch of SpaceX’s Polaris Dawn mission.
SEC lawyer Robin Andrews fumed, “Musk’s excuse itself smacks of gamesmanship. The court must make clear that Musk’s gamesmanship and delay tactics must cease.”
NEW: The U.S. Securities and Exchange Commission (SEC) intends to seek sanctions against Elon Musk for failing to appear for court-ordered testimony for his Twitter takeover.
The Swamp doesn’t like it when they can’t control what you say.
The SEC is investigating whether or not… pic.twitter.com/aNUfXAKdCQ
— Collin Rugg (@CollinRugg) September 20, 2024
A video has just started re-circulating on social media of remarks by Joe Biden right after Musk purchased Twitter.
Biden admits there’s no proof Musk has done anything wrong, but still declares that he should be investigated.
BREAKING: The SEC will sanction Elon Musk in its Twitter acquisition probe
Biden right after Elon bought Twitter:
“There’s a lot of ways [to get him]” pic.twitter.com/HrHH9mwNP6
— End Wokeness (@EndWokeness) September 20, 2024
BREAKING: SEC will seek sanctions against Elon Musk in Twitter probe over failure to appear in courthttps://t.co/EHncgBFXms
— FOX Business (@FoxBusiness) September 20, 2024
The SEC said it intends to seek sanctions against Elon Musk after he failed to appear for scheduled testimony for the regulator’s probe into his $44 billion takeover of Twitter https://t.co/8KcbnO606t pic.twitter.com/sdcTIwcPtA
— Reuters Legal (@ReutersLegal) September 20, 2024
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