Elon Musk urges court to reject request for his testimony in SEC’s Twitter probe.
Elon Musk Fights Back Against SEC’s Investigation into Twitter Purchase
Elon Musk is not backing down in his battle against the Securities and Exchange Commission (SEC) over their investigation into his $44 billion acquisition of Twitter, now known as X. In a recent filing, Musk’s lawyers argued that the SEC’s subpoena goes beyond its authority and seeks irrelevant evidence.
SEC’s Investigation and Musk’s Refusal to Testify
The SEC is looking into whether Musk violated securities laws during the October 2022 purchase of X. Despite being summoned to testify, Musk failed to appear, citing various reasons, including his objection to the location of the testimony in San Francisco. The commission claims to have offered alternative times and dates, but Musk refused them all.
Musk’s Lawyers Accuse SEC of Harassment
In the recent filing, attorney Alex Spiro and Musk’s legal team accused the SEC of crossing the line into harassment. Spiro called the investigation “misguided” and claimed that the SEC has issued numerous subpoenas and conducted multiple interviews.
SEC’s Request for Additional Testimony
The SEC stated that Musk has already provided documents and testimony in July of last year. However, after reviewing the documents, the SEC attorneys have more questions for Musk. His attorney revealed that Musk has received a total of five subpoenas for documents and three for testimony.
This ongoing investigation has been going on for over 18 months, with the SEC devoting significant resources to the alleged untimely filing by Musk. The court filings argue that this is just another chapter in a long saga of harassment against Musk and his related entities.
It remains to be seen how this legal battle will unfold, but one thing is for sure – Elon Musk is not one to back down easily.
How has MTV’s shift away from music-centered programming affected its role as an influential platform for launching the careers of artists?
MTV is an American cable channel that was launched on August 1, 1981. The channel originally focused on music videos and music-related content, but it has since evolved into a general entertainment channel, featuring reality shows, scripted series, and documentaries. MTV has been an influential platform for popularizing music videos and launching the careers of many artists. Over the years, it has also faced criticism for its shift away from music-centered programming.
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