Elon Musk may be compelled to testify again in SEC's Twitter takeover probe
SAN FRANCISCO - A federal judge on Thursday indicated a willingness to compel Elon Musk to testify again in the U.S. Securities and Exchange Commission's investigation into his $44 billion takeover of Twitter.
The investigation concerns whether Musk broke federal securities laws in 2022 when he bought stock in Twitter, which he later renamed X. It is also reviewing statements and SEC filings he made in relation to the deal, the agency has previously said. Musk's lawyer, Rachel Frank, an associate with Quinn Emanuel Urquhart & Sullivan, on Thursday told the judge the additional testimony would be a "burden" for Musk and take him away from obligations to shareholders.
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