Elon Musk is being investigated by the federal authorities regarding his possible takeover of Twitter
Billionaire Elon Musk is being investigated by the federal government in connection with an acquisition attempt Twitter Inc., attorneys representing the social media company wrote in a court filing in Delaware.
“Elon Musk is currently under federal investigation for his conduct in connection with the acquisition of Twitter,” Potter’s attorney Anderson Corroon LLP wrote in an October 6, unsealed petition. Five.
Twitter is asking the court to grant access to documents Musk provided to authorities, the lawyers wrote. “Through his attorney, he has had substantial correspondence with the authorities involved in their investigation,” they said. “Twitter wants those documents, because they suffer from significant issues in this litigation.”
The U.S. Securities and Exchange Commission sent a question earlier this year to Musk about how he initially disclosed his major holdings on Twitter, according to an April 4 letter the SEC published in May. 5.
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