US judge says Musk can seek review of order in SEC subpoena matter By Reuters
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© Reuters. FILE PHOTO: FILE PHOTO: Elon Musk, CEO of SpaceX and Tesla and owner of X, formerly known as Twitter, attends the Viva Technology conference dedicated to innovation and startups at the Porte de Versailles exhibition centre in Paris, France, June 16, 2023.
NEW YORK (Reuters) -Elon Musk can ask a U.S. District Court to review a magistrate judge’s order that he must testify in the Securities and Exchange Commission’s investigation of his $44 billion takeover of Twitter, according to a court notice filed on Friday.
Lawyers for Musk on Thursday had said in a court filing they planned to seek review of U.S. Magistrate Judge Laurel Beeler’s order to compel Musk’s testimony.
The order formalized her tentative ruling from December in which she sided with the SEC.
The SEC is examining whether Musk followed the law when filing the required paperwork about his purchases of Twitter stock, and whether his statements in relation to the deal were misleading.
Musk has fought the SEC’s bid to interview him, saying he has done so twice and accusing the regulator of harassment.
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© Reuters. FILE PHOTO: FILE PHOTO: Elon Musk, CEO of SpaceX and Tesla and owner of X, formerly known as Twitter, attends the Viva Technology conference dedicated to innovation and startups at the Porte de Versailles exhibition centre in Paris, France, June 16, 2023.
NEW YORK (Reuters) -Elon Musk can ask a U.S. District Court to review a magistrate judge’s order that he must testify in the Securities and Exchange Commission’s investigation of his $44 billion takeover of Twitter, according to a court notice filed on Friday.
Lawyers for Musk on Thursday had said in a court filing they planned to seek review of U.S. Magistrate Judge Laurel Beeler’s order to compel Musk’s testimony.
The order formalized her tentative ruling from December in which she sided with the SEC.
The SEC is examining whether Musk followed the law when filing the required paperwork about his purchases of Twitter stock, and whether his statements in relation to the deal were misleading.
Musk has fought the SEC’s bid to interview him, saying he has done so twice and accusing the regulator of harassment.
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