Court orders Elon Musk to testify in the SEC’s investigation of his Twitter takeover


Following a , a federal judge ordered Elon Musk to comply with the U.S. Securities and Exchange Commission's (SEC) subpoena and testify again as part of its investigation into his buyout of Twitter, reports. Under the order filed Saturday evening in a California court, Musk and the SEC now have one week to determine the time and location of his appearance, or it will be decided for them. The of Twitter, now X, since 2022 due to concerns over its delay in disclosing its stake in Twitter.

The order comes after Musk failed to appear for testimony in September and later refused to attend a rescheduled interview, prompting the SEC to sue. U.S. District Judge Laurel Beeler sided with the SEC after Musk tried to challenge his subpoena, which he said was aimed at obtaining irrelevant information and constituted harassment, since he already been interviewed twice. But the SEC says it has obtained new documents related to the investigation and has more questions to ask of X's owner. Musk also argued that he exceeded the SEC's authority because the subpoena had was issued by an SEC staff member appointed by the SEC Director of Enforcement. Beeler rejected those arguments, ruling that the subpoena is valid.



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