US regulators bring Elon Musk to court over Twitter purchase
The Securities and Exchange Commission (SEC), the US financial regulator, is taking Elon Musk to court.
The move is over Musk’s refusal to testify in an investigation into his purchases of Twitter stock and his statements surrounding the $44 billion takeover of the social media platform. In a filing in California federal court on Thursday, the SEC said it was conducting an "ongoing non-public investigation" into whether Musk had "violated various provisions of the federal securities laws" in connection with "his purchases of Twitter stock" and "his 2022 statements and SEC filings relating to Twitter".
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