I am guessing that Elon Musk is not having a good Friday. I say that because it appears that Musk is being investigated by the Security And Exchange Commission, and Twitter wants to know why:
Twitter Inc.’s lawyers asked a Delaware court for access to correspondence between Elon Musk and federal authorities investigating him in connection with his attempt to take the social media company private.
“Elon Musk is presently under investigation by federal authorities for his conduct in connection with the acquisition of Twitter,” attorneys for Potter Anderson Corroon LLP wrote in a filing dated Oct. 6 and unsealed Thursday.
“Through counsel, he has exchanged substantive correspondence with those authorities concerning their investigations,” they said. “Twitter wants those documents, because they bear upon key issues in this litigation.”
Musk has a history of butting heads with the SEC, and he tends not to come out on the winning end of those encounters. Thus this isn’t trivial, and I can see why Twitter is interested in this. If Musk is smart, he’ll co-operate with the SEC fully and not run his mouth on Twitter. But Musk can’t seem to control himself which means that we can likely see something related to musk blow up in the days to come now that this story is out there.
Like this:
Like Loading...
Related
This entry was posted on October 14, 2022 at 8:14 am and is filed under Commentary with tags Twitter. You can follow any responses to this entry through the RSS 2.0 feed.
You can leave a response, or trackback from your own site.
Elon Musk Being Investigated By The SEC Over Twitter Purchase… And Twitter Wants The Details
I am guessing that Elon Musk is not having a good Friday. I say that because it appears that Musk is being investigated by the Security And Exchange Commission, and Twitter wants to know why:
Twitter Inc.’s lawyers asked a Delaware court for access to correspondence between Elon Musk and federal authorities investigating him in connection with his attempt to take the social media company private.
“Elon Musk is presently under investigation by federal authorities for his conduct in connection with the acquisition of Twitter,” attorneys for Potter Anderson Corroon LLP wrote in a filing dated Oct. 6 and unsealed Thursday.
“Through counsel, he has exchanged substantive correspondence with those authorities concerning their investigations,” they said. “Twitter wants those documents, because they bear upon key issues in this litigation.”
Musk has a history of butting heads with the SEC, and he tends not to come out on the winning end of those encounters. Thus this isn’t trivial, and I can see why Twitter is interested in this. If Musk is smart, he’ll co-operate with the SEC fully and not run his mouth on Twitter. But Musk can’t seem to control himself which means that we can likely see something related to musk blow up in the days to come now that this story is out there.
Share this:
Like this:
Related
This entry was posted on October 14, 2022 at 8:14 am and is filed under Commentary with tags Twitter. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.