Elon Musk sued by SEC for failure to comply with Twitter probe

The Securities and Exchange Commission sued Elon Musk in an effort to force him to testify in an investigation into whether he had broken financial laws while buying X, formerly known as Twitter, for $44 billion.

The SEC filed the suit in the Northern District of California on Thursday. The commission is investigating whether Musk violated securities laws in connection with the October 2022 purchase of X. Musk had been summoned to testify last month, the filing claims, but failed to appear for testimony in San Francisco.

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Musk “attempted to justify his refusal to comply with the subpoena by raising, for the first time, several spurious objections, including an objection to San Francisco as an appropriate testimony location,” the agency claimed in the filing.

The commission attempted to find alternative times and dates to meet with Musk, but the billionaire refused all of them, the SEC claimed. Now, the agency has gone to the courts.

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Musk has been dealing with several lawsuits involving his acquisition of Twitter. The latest included a court demanding that Musk pay the legal fees of several ex-Twitter executives.

Musk has a long-standing history with the SEC, including several lawsuits and rulings. The billionaire settled a suit with the agency in 2018 over tweets about Tesla’s stocks.