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After months of loudly protesting a subpoena, Elon Musk has as soon as once more agreed to testify within the US Securities and Alternate Fee’s investigation into his acquisition of Twitter (now known as X).
Musk tried to keep away from testifying by arguing that the SEC had deposed him twice earlier than, telling a US district courtroom in California that the newest subpoena was “the newest in an extended string of SEC abuses of its investigative authority.”
However the courtroom didn’t agree that Musk testifying thrice within the SEC probe was both “abuse” or “overly burdensome.” Particularly for the reason that SEC has stated it is looking for a follow-up deposition after receiving “hundreds of recent paperwork” from Musk and third events over the previous 12 months since his final depositions. And in response to an order requiring Musk and the SEC to agree on a deposition date from US district decide Jacqueline Scott Corley, “Musk’s lament doesn’t come near assembly his burden of proving ‘the subpoena was issued in unhealthy religion or for an improper objective.'”
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