Elon Musk Presently Under Investigation by Federal Authorities, Twitter Informs Judge – Featured Bitcoin News
, 2022-10-14 19:36:29,
Tesla and Spacex CEO Elon Musk is under federal investigation for his conduct in connection with the $44 billion acquisition of Twitter, according to a court filing by the social media giant. Twitter claims that “Through counsel, he has exchanged substantive correspondence with those authorities concerning their investigations.”
Federal Authorities Are Investigating Elon Musk, Says Twitter
Twitter revealed in a court filing released Thursday that Tesla CEO Elon Musk is under federal investigation in connection with his $44 billion bid to buy the social media platform.
In a letter dated Oct. 6, addressed to Judge Kathaleen St. Jude McCormick who oversees the company’s case against Musk, Twitter’s lawyers noted that they have been asking for the documents related to the investigation from Musk since July 22. The lawyers wrote:
Elon Musk is presently under investigation by federal authorities for his conduct in connection with the acquisition of Twitter. Through counsel, he has exchanged substantive correspondence with those authorities concerning their investigations.
While emphasizing that those documents “bear upon key issues in this litigation,” the lawyers stressed: “Twitter requested the production of those documents months ago. But with trial just 11 days away, [the] defendants have still not produced them.”
In their letter, Twitter’s lawyers also referred to a letter the Securities and Exchange Commission (SEC) allegedly sent Musk in June….
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