The Securities and Exchange Commission said on Friday it intends to seek sanctions against Elon Musk after he failed to appear for court-ordered testimony for the regulator’s probe into his $44 billion takeover of Twitter.
In a court filing, the SEC said the sanctions motion would seek an order to show cause for why Musk should not be held in civil contempt for waiting until just three hours before the scheduled Sept. 10 testimony to advise he would not appear.
Musk, whose […]
Elon Musk facing potential sanctions for not testifiyng in Twitter probe – New York Post
Elon Musk facing potential sanctions for not testifiyng in Twitter probe – New York Post
