SEC Seeks Court Order to Force Elon Musk Testimony in Twitter Deal Probe
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The SEC has applied for a court order to compel Elon Musk to testify in an ongoing probe about his Twitter acquisition and disclosures.
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The SEC alleges Musk has refused to comply with an earlier subpoena requiring him to testify again.
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The probe centers on whether Musk fully complied with disclosure rules when he began buying Twitter stock before his acquisition deal.
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Musk testified twice last year as part of the probe and produced documents, but refused to appear for new testimony scheduled in September.
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Musk's lawyer said he already testified twice and accused the SEC of seeking his testimony in bad faith to waste time.