Elon Musk's Enigmatic Interview with SEC: Unraveling the Puzzle
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Elon Musk's No-Show at SEC Deposition Raises Concerns
The Securities and Exchange Commission (SEC) has spent thousands of dollars to dispatch lawyers to take a sworn deposition from Elon Musk regarding his takeover of Twitter. However, Musk failed to attend the scheduled interview, prompting the SEC to request sanctions.
Musk's Lawyers Cite Emergency
Musk's lawyers claim that he was unable to attend due to an urgent trip to the East Coast for a high-risk launch by his rocket company, SpaceX. They notified the SEC of the emergency three hours before the appointment.
SEC Alleges Gamesmanship
The SEC lawyers argue that Musk's absence smacks of gamesmanship and that he has a history of rescheduling or canceling testimonies. They have asked the court to impose a penalty to deter him from skipping future meetings.
Musk's Cooperation and Resistance
Musk's lawyers maintain that he has cooperated with the SEC in other investigations, but they accuse the agency of harassment in this case. They claim that Musk should have sought written consent or a court order to reschedule.
SEC's Investigation Continues
The SEC is investigating whether Musk waited too long to disclose his stake in Twitter before his takeover. Musk has previously admitted to making a mistake in this regard.
Court Hearing Scheduled
The SEC has rescheduled the canceled meeting and asked a federal court to ensure Musk's attendance. The court hearing is set for September 10th.
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