Christopher Hutton is a technology reporter for the Washington Examiner covering Big Tech companies like Facebook and X as well as the regulatory efforts by Washington to rein in the tech companies. He previously wrote for a number of other outlets, including Daily Dot, Pando Daily, Religion Unplugged, and other outlets. He graduated from Ball State University in 2020 with a master's in sociology. You can find him on X at @chris_journo.
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.
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.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.
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