SEC to Seek Sanctions Against Musk for Not Appearing for Testimony Over Twitter Acquisition

Musk’s attorney argued that his client’s absence was due to an unavoidable emergency regarding the Polaris Dawn launch.

Elon Musk speaks at an AI conference in Beverly Hills, Calif., on May 6, 2024. Apu Gomes/Getty Images

The U.S. Securities and Exchange Commission (SEC) said on Sept. 20 that in plans to pursue sanctions against Elon Musk for not attending court-ordered testimony in connection with the agency’s investigation into his $44 billion acquisition of Twitter.

The SEC stated in a filing with the U.S. District Court for the Northern District of California, that it plans to file a motion seeking an order requiring Musk to explain why he should not be held in civil contempt for failing to comply with a May 31, 2024, court order requiring him to testify on Sept. 10 at the SEC’s Los Angeles office.