The U.S. Securities and Exchange Commission has sued Elon Musk in an effort to compel the Twitter owner to testify regarding his purchase of the company.
"Musk failed to appear for testimony on September 15, 2023,” the SEC said in a lawsuit on Thursday.Attorneys representing the SEC alleged in a complaint filed in the Northern District of California that Musk failed to appear for a Sept. 15 testimony as required by a subpoena, which the attorneys said was served to the
The SEC said it tried to find an agreeable time and place to meet with Musk, including offering to meet him at the agency's office in Fort Worth, Texas, "the closest SEC office to Musk's current personal residence" in the Austin area. Multiple dates were proposed for October and November of this year.
Additionally, the SEC lawyers claim that Musk believed that the commission was using the subpoena as a method to "harass" him, thus justifying his decision to not comply. Musk also allegedly used the recent publication of his, as another reason to not appear for testimony, claiming that the book may contain "new information potentially relevant to this matter."
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