Judge orders Elon Musk to testify in SEC probe into his $44 billion Twitter acquisition in 2022

By: Sudhanshu Srivastava

Elon Musk bought Twitter, now known as X, for $44 billion in 2022.

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Magistrate Judge Laurel Beeler issued an order Saturday giving Elon Musk and his team and the SEC a week to agree on a date and location for Musk's testimony.

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Beeler says the court is enforcing the SEC's deference and that Musk's testimony is not unduly frivolous.

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The SEC had given Musk the option to testify in Texas, where Elon Musk lives.

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The agency says it has not concluded that any federal securities laws have been violated

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Musk has already testified twice

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The SEC and Musk's lawyers did not immediately respond to messages seeking comment on Monday.

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America's allies said - America is now becoming less trustworthy.