The Securities and Exchange Commission said it’s seeking sanctions against X owner Elon Musk for failing to testify.
The Securities and Exchange Commission on Friday said it’s seeking sanctions against Elon Musk for failing to testify in its ongoing probe into his $44 billion acquisition of X, the platform formerly known as Twitter. Musk, the SEC states, was set to give his testimony on Sept. 10 — but bailed three hours beforehand.
“The Court must make clear that Musk’s gamesmanship and delay tactics must cease,” the SEC said in its filing.
The SEC also said it would be pursuing an order to show cause for Musk being held in civil contempt of his court-ordered testimony, as well as having Musk repay its travel costs for the cancelation.
