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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