Elon Musk bought the social media platform Twitter in early 2022, and among other things has changed the name of the platform to X. The Financial Supervisory Authority (SEC) states that it will investigate Musk for his publication of the purchase of Twitter shares. It appears in court papers from the supervisory authority on Thursday. The authority asks the court to order Musk to appear to testify. Musk is said to have said he would run, but he did not. – Finanstilsynet has already heard Musk’s testimony several times in this investigation, which is on the wrong track. Enough is enough, says Musk’s lawyer Alex Spiro in a statement. Considering a lawsuit On Monday, it became known that a judge opened to consider a lawsuit against Musk on the matter. There, Musk is accused of having misled the shareholders of Twitter because he waited too long to make public that he had invested in the company, which he later took control of. Musk is being sued by former shareholders who believe that he only provided information that he had bought 5 percent of the shares in the company, eleven days after the deadline for informing about it. The shareholders believe they eventually had to sell their shares at artificially low prices as Musk kept his plans under wraps. Musk’s lawyers then argued that their client was one of the world’s busiest people, and that it was just a slip-up.
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Opens investigation into Elon Musk’s Twitter purchase – news Urix – Foreign news and documentaries
