Skip to main content

Elon Musk under investigation, Twitter Inc says in court filing.

By Editor

 



Twitter Inc’s court filing does not identify the focus of the investigation or the federal authority allegedly involved.

Elon Musk's Twitter profile is seen on a smartphone placed on printed Twitter logos.
Elon Musk's Twitter profile sits on printed company logos [File: Dado Ruvic/Illustration/Reuters]
Published On 14 Oct 2022

Billionaire entrepreneur Elon Musk is under investigation by United States federal authorities for his handling of a $44bn deal to take over Twitter Inc, the social media company has said in a court filing.

Twitter Inc’s court filing, which was released on Thursday, said that Musk was under investigation, but it did not say what the exact focus of the investigation was and which federal authorities were involved.

Twitter, which sued Musk in July to force him to complete the $44bn dealto buy the social media company, said that lawyers for the Tesla Inc CEO had claimed “investigative privilege” in their refusal to hand over documents the company had sought as part of their legal case.

Twitter said that in late September, Musk’s attorneys had provided a “privilege log” identifying documents that would be withheld. That log referenced drafts of a May 13 email to the US Securities and Exchange Commission (SEC) and a slide presentation to the Federal Trade Commission (FTC).

The court filing, which asked Delaware judge Kathaleen McCormick to order Musk’s attorneys to provide the withheld documents, was made on October 6 — the same day that McCormick paused litigation between the two sides after Musk reversed course and said he would proceed with the deal to buy Twitter.

McCormick has given Musk until October 28 to close the acquisition. If the deal does not get done by then, a trial date will be set for November.

“This game of ‘hide the ball’ must end,” Twitter said in the court filing.

Alex Spiro, a lawyer for Musk, told the Reuters news agency that Twitter’s court filing was a “misdirection” and countered: “It is Twitter’s executives that are under federal investigation.”

Twitter declined to comment on Spiro’s statement and also declined comment when asked by Reuters about its understanding of any investigation into Musk. The SEC did not immediately respond to a request for comment, and the FTC declined to comment.

The SEC has questioned Musk’s comments about the Twitter acquisition, including whether a 9 percent stake that he had built up before announcing his bid had been disclosed late and why it indicated that he intended to be a passive shareholder.


Comments

Post a Comment

Popular posts from this blog

UGANDA ELECTORAL COMMISSION TO ELIMINATE NATIONAL IDENTIFICATION CARDS (IDs) FOR 2021 GENERAL ELECTIONS.

By Editor
The elimination of using National IDs (Ndagamuntu) for the 2021 elections should not have come as a surprise. One would be very NAIVE to think that Bobi Wine has not prepared for this in his Business Plan under the RISK section. It is public knowledge that our EC is not independent.  It is also public knowledge that Military Dictator Yoweri Museveni will never lose an election. What stunned us this morning is when we noticed that on social media, people were mocking Bobi with his "get your Ndagamuntu".  We are on record for saying to all Our readers that the National ID is like Apartheid in South Africa. Students of History would know how those IDs were being used to arrest people, deny them jobs, deny them basic services. Consequently, Bobi was not wrong and will never be wrong on the Ndagamuntu. Except the ones attacking him and mocking him forget that in Uganda, now, no National ID (Ndagamuntu), no service.  If you have not been denied registering your child i...
Post a Comment
Read more

Here is Why Our Utterances For Praying Jesus And God To Come Liberate Ugandans, May Be Misplaced. This Phrase is like inform of a Letter To Some Categorized Section Of Ugandans.

By Editor
https://m.facebook.com/yusufosuta/photos/a.1896701010557789/2070383359856219/?type=3 OPEN LETTER TO NRM SUPPORTERS - NATIONAL ROBBERS MOVEMENT. .................................................................................. Last week of March, a friend told me to pray for Uganda.  I told him that he was an Idiot and we have prayed for too long and we are still hungry and sick and Jesus is not coming soon to liberate us. He then ignored the STUPID and sent me a picture we all now know.  It got me totally messed up.  This guy was telling me to pray then sends a picture of men bowing down in blood.  He might have meant guns but I blocked him because his utterances of praying for Uganda were misplaced. I unblocked him 3 weeks later and asked him about praying and assassinations.  His reply "eithrr prayers or guns or both". I hate violence with a passion.  So he is now blocked in like FOREVER. Do you feel safe?  Do not feel safe. Uganda regim...
Post a Comment
Read more

CAN I CHANGE MY MIND ABOUT THE INHERITANCE I RECEIVED AND ASK FOR SOMETHING ELSE ?.

By Editor
#iip_updates . #Information_is_Power . Read more here https://informationispowah.blogspot.com/2023/07/can-i-change-my-mind-about-inheritance.html in the link. #we_inform_the_uninformed . Okello lost his wife 20 years ago and decided to only focus on their Mateo, Yona and Yosefu. 20 years later, Okello had 7 acres of land, a successful poultry business, and sinotrucks for hire. Early this year, Okello got a call telling him that one of his trucks knocked a boda boda. Okello decided to rush to see if he could sort it out before police became involved. Unfortunately, he never made it, as he was entering the main road, another trailer rammed into him and killed him instantly.   After Okello had been laid to rest, his sons sat down and divided the property amongst themselves. However, of late, Yosefu the last born has started complaining that he was cheated, and he wants to be given something else because most of the chicken in the chicken business died of a fever.   Can ...
Post a Comment
Read more