Elon Musk is now being ordered to testify again before the Securities and Exchange Commission on its probe for possible federal violations on his $44 billion takeover of Twitter (now X).
California Magistrate Judge Laurel Beeler, on Saturday, formalized the tentative ruling on the SEC's subpoena on Musk following his refusal to appear in two interviews.
Under the ruling, Musk and the SEC now only have a week to decide a date and location for the rescheduled testimony.
Investigation on Twitter Takeover Continues to be Delayed
Musk previously refused to attend the interviews, claiming that the SEC's questions are irrelevant and that it has already appeared in two interviews.
Musk has since challenged the SEC's subpoena, forcing the commission to sue him. However, according to Beeler, the subsequent interviews on Musk will not be "unduly burdensome."
The SEC interviews are only half-day sessions.
The SEC has been intensifying its investigations on X owner after it reportedly obtained "thousands of new documents" it wants Musk to clarify.
Musk Under More Leadership Controversies
The latest development on the X investigation is only part of the increasing controversies Musk has lately become involved in regarding the management of his companies.
Musk and the SEC previously clashed in 2018 after the commission sued him for a posting "funding secured" in reference to possible plans of taking Tesla private.
The SEC sued Musk again in 2019 after allegedly failing to comply with the agreement that a Tesla lawyer would have to vet his posts regarding the electric auto manufacturer.
And just recently, the Tesla CEO was denied of his "unfathomable" $56 billion bonus package for supposed large influence on the board's decision.
In response, Musk posted on X to "never incorporate your company in the state of Delaware."
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