A federal judge rejected the SEC's request for sanctions against Elon Musk for failing to attend court testimony in the investigation of his Twitter deal. The judge stated that sanctions were unnecessary since Musk testified on October 3 and covered SEC's expenses. The commission argued that reimbursing expenses would not be sufficient to deter people from ignoring court orders. Musk claims that he met the requirements, and his net worth is $321.7 billion.
11/23/2024 2:06:39 PM (GMT+1)
A federal court dismissed the SEC's request for sanctions against Elon Musk for failing to attend court testimony in the investigation of the $44 billion Twitter acquisition deal 💼
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This material was prepared by Khachatur Davtyan, developed and translated by artificial intelligence.
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