Elon Musk being investigated by federal authorities, Twitter reveals in court filing

1 year ago 51

Elon Musk is being investigated by national authorities implicit his behaviour successful his $44bn (£39bn) takeover woody of Twitter, the societal media institution has said successful a tribunal filing.

The world's richest antheral precocious announced helium would go up with purchasing the platform for the immense sum, pursuing months of ineligible battles.

Twitter, which sued the Tesla brag successful July to unit him to adjacent the deal, said Mr Musk's attorneys had claimed "investigative privilege" erstwhile refusing to manus implicit documents it had requested.

In precocious September, Mr Musk's ineligible squad had provided a "privilege log", which identified documents that needed to beryllium withheld, according to the societal media giant.

The log referred to drafts of an email to the US Securities and Exchange Commission (SEC) and a descent presumption to the Federal Trade Commission.

While the tribunal filing, which was released connected Thursday, said the billionaire was nether investigation, it did not explicate why.

Instead, it asked for a justice to bid Mr Musk's attorneys to manus implicit the documents.

The filing was made connected 6 October - the aforesaid time the Delaware justice paused litigation betwixt the 2 sides aft Mr Musk announced helium would proceed with the deal.

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"This crippled of fell the shot indispensable end," Twitter said successful the document.

One of Mr Musk's attorneys, Alex Spiro, said the filing was a "misdirection" by the company, adding: "It is Twitter's executives that are nether national investigation."

Twitter declined to remark connected Mr Spiro's statement.

This is not the archetypal clip Mr Musk has been questioned, with the SEC antecedently asking him astir comments helium made regarding the Twitter acquisition.

In April, the SEC asked Mr Musk whether the disclosure of his 9% Twitter involvement was precocious and wherefore it indicated that he
intended to beryllium a passive shareholder.

He aboriginal refiled to amusement helium was an progressive investor.

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