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.
