PANews reported on September 21 that according to Cointelegraph, the U.S. Securities and Exchange Commission (SEC) plans to impose sanctions on Elon Musk for failing to appear in court as scheduled (September 19, 2024) and provide testimony to the financial regulator regarding the $44 billion acquisition of X (formerly Twitter).
Elon Musk's legal counsel emphasized that the SEC had accepted the request to reschedule the meeting to October 3, 2024 in Los Angeles, California, and believed that the court's intervention was unnecessary. The letter explained that the only reason for Elon Musk's absence from the previous meeting was an emergency and assured the court that he would attend the October meeting.
