Elon Musk is under a federal investigation related to his $44 billion takeover deal for Twitter Inc, the social media company said in a court filing made public on Thursday.
Twitter said it requested that Musk’s attorneys produce their communications with federal authorities months ago but they had not done so, and asked a Delaware judge to order the attorneys to provide the documents.
In late September, Musk’s attorneys provided a “privilege log” identifying documents to be withheld from discovery. The log referenced drafts of a May 13 email to the US Securities and Exchange Commission and a slide presentation to the Federal Trade Commission, Twitter said.The court request was filed on October 6, the same day the court granted a stay of litigation to allow Twitter and Musk to close the takeover deal.
The SEC has questioned Musk’s comments about the Twitter acquisition. In April, the SEC asked Musk whether the disclosure of his 9% Twitter stake was late and why it indicated that he intended to be a passive shareholder. Musk later refiled the disclosure to indicate he was an active investor. In June, the SEC asked Musk in a letter whether he should have amended his public filing to reflect his intention to suspend or abandon the deal.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Twitter may be agreeing with Elon Musk on rolling back perma-bans - HypertextTwitter is reportedly looking for new ways to deal with people that breach its content policy in a rare agreement with Elon Musk.
Read more »
Elon Musk says he did not speak to Vladimir Putin about UkrainePolitical-risk consultancy Eurasia Group head Ian Bremmer wrote in a note to clients on Monday that Musk told him about recently speaking to Putin
Read more »
Elon Musk launches new 'Burnt Hair' perfume | Fin24Elon Musk is promoting a new perfume, as the world’s richest man continues a track record of turning what ostensibly start out as jokes into sought-after products. | BISouthAfrica
Read more »
Elon Musk advocates the use of MDMA and psychedelic drugsHow does the world's richest man unwind? Apparently by attending weekend-long parties and other extravagant social gatherings while indulging in psychedelic drugs for their healing properties, which may not come as too much of a surprise after the billionaire lit up a blunt...
Read more »
Musk jokes new perfume launch to fund Twitter purchaseMusk is expected to complete a $44-billion takeover of Twitter by the end of the month. If he fails to do so, a trial for a breach-of-contract suit in the on-again-off-again deal will take place in November.
Read more »