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Musk was investigated by US authorities over deal, Twitter says

Lawyers for Twitter Inc. have asked a Delaware court for access to communications between Elon Musk, who tried to take his social media company private, and federal authorities investigating him.

Attorneys for Potter Anderson Colon LLP said in an unsealed document dated Thursday, Oct. 6, “Elon Musk is currently under investigation by federal authorities for his conduct in connection with the acquisition of Twitter. ‘ writes.

“Through his defense counsel, he had substantial communication with authorities regarding the investigation,” they said. “Twitter wants these documents because they relate to important issues in this lawsuit.”

Earlier this year, the U.S. Securities and Exchange Commission (SEC) approached Musk about how he initially disclosed most of his Twitter shares, according to an April 4 letter released by the SEC in May. I sent you a question.

Musk announced on April 4 that it had acquired more than 9% of Twitter, a week later than regulations would allow, using paperwork typically reserved for passive investors. He later embarked on a $44 billion takeover bid.

Twitter is also seeking access to communications between Musk and the Federal Trade Commission, according to the filing.

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Musk was investigated by US authorities over deal, Twitter says

Source link Musk was investigated by US authorities over deal, Twitter says

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