US SEC Considers Sanctions Against Musk for Failing to Appear for Testimony, Musk's Lawyer Claims No Basis for Interference
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September 21, 2024
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According to Cointelegraph, the U.S. Securities and Exchange Commission (SEC) plans to impose sanctions on Elon Musk for failing to appear in court on the scheduled date of September 19, 2024, and provide testimony to the financial regulator regarding the $44 billion Twitter acquisition. The SEC is also seeking monetary relief to cover the costs incurred due to Musk's cancellation of the meeting, as well as any other relief the court may grant to the SEC.
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