YourCryptoNews
  • Live Prices
  • Crypto News
    • Altcoins
    • Bitcoin
  • Defi News
  • NFT News
  • Blockchain
  • Regulations
  • Trading
  • Scams
No Result
View All Result
YourCryptoNews
  • Live Prices
  • Crypto News
    • Altcoins
    • Bitcoin
  • Defi News
  • NFT News
  • Blockchain
  • Regulations
  • Trading
  • Scams
No Result
View All Result
YourCryptoNews
No Result
View All Result

Elon Musk Presently under Investigation by Federal Authorities, Twitter Informs Judge

October 15, 2022
in Blockchain
Reading Time: 2 mins read
A A
ShareShareShareShareShare

Tesla and Spacex CEO Elon Musk is under federal investigation for his conduct in reference to the $44 billion acquisition of Twitter, in line with a court filing by the social media large. Twitter claims that “Through counsel, he has changed substantive correspondence with those authorities regarding their investigations.”

You might also like

SEC Lawsuits Target Multiple Tokens: DCG Founder Points Out Absence of PoW Cryptos

SEC Lawsuits Target Multiple Tokens: DCG Founder Points Out Absence of PoW Cryptos

June 7, 2023
SEC Seeks to Freeze Binance.US Assets in Bid to Protect Customers

SEC Seeks to Freeze Binance.US Assets in Bid to Protect Customers

June 6, 2023

Federal Authorities are investigating Elon Musk, Says Twitter

Twitter disclosed in an exceedingly court filing free Thursday that Tesla CEO Elon Musk is under federal investigation in reference to his $44 billion bid to shop for the social media platform.

In a letter dated Oct 6, addressed to evaluate Kathaleen St. Jude McCormick who oversees the company’s case against Musk, Twitter’s lawyers noted that they have been requesting the documents associated with the investigation from Musk since July 22 The lawyers wrote:

Elon Musk is presently under investigation by federal authorities for his conduct in reference to the acquisition of Twitter. Through counsel, he has changed substantive correspondence with those authorities regarding their investigations.

While emphasizing that those documents “bear upon key problems during this legal proceeding,” the lawyers stressed: “Twitter requested the assembly of these documents months ago. But with trial simply 11 days away, [the] defendants have still not created them.”

In their letter, Twitter’s lawyers conjointly noted a letter the Securities and Exchange Commission (SEC) allegedly sent Musk in June. In line with Twitter, the SEC was seeking info associated with a tweet Musk announced in could, indicating that the “deal cannot move forward” till the social media company provides him with a lot of info concerning spam and fraud accounts on the platform.

The SEC conjointly probed Twitter over the company’s technique of distinctive spam accounts. In an exceedingly letter dated July 27, the SEC told Twitter: “We have completed our review of your filings. We tend to cue you that the corporate and its management are chargeable for the accuracy and adequacy of their disclosures, nonetheless any review, comments, action or absence of action by the workers.”

Musk originally united to shop for Twitter in April  month for approximately $44 billion. However, he later on tried to back out of the deal, accusing Twitter of a fabric breach of the agreement. He formally terminated his offer to shop for Twitter in July, claiming that the social media company had not been clear concerning the amount of bots and faux accounts on its platform. Musk made public multiple reasons to finish the deal.

Twitter later on sued the Tesla CEO to force him to shut the deal. Musk countersued Twitter. The 2 sides were scheduled to travel to trial in Delaware Chancery Court on Oct 17.

However, last week Musk mentioned he would purchase Twitter at the agreed-upon value of $54.20 a share. The court gave him till Oct 28 to shut the acquisition to avoid an effort. Musk mentioned that the acquisition of Twitter can accelerate the creation of “X, the everything app.”

The post Elon Musk Presently under Investigation by Federal Authorities, Twitter Informs Judge first appeared on BTC Wires.

Credit: Source link

Related Stories

SEC Lawsuits Target Multiple Tokens: DCG Founder Points Out Absence of PoW Cryptos
Blockchain

SEC Lawsuits Target Multiple Tokens: DCG Founder Points Out Absence of PoW Cryptos

June 7, 2023
SEC Seeks to Freeze Binance.US Assets in Bid to Protect Customers
Blockchain

SEC Seeks to Freeze Binance.US Assets in Bid to Protect Customers

June 6, 2023
Coinbase Faces $5M Penalty from New Jersey Securities Bureau and SEC Charges, Stock Tumbles 20%
Blockchain

Coinbase Faces $5M Penalty from New Jersey Securities Bureau and SEC Charges, Stock Tumbles 20%

June 6, 2023
Coinbase: Moving America Forward or Moving out of US?
Blockchain

Messari Founder Ryan Selkis Launches Advocacy Group in Response to Recent SEC Actions

June 6, 2023
Next Post

Strategist at Southeast Asia’s Largest Bank DBS Says Bitcoin is exclusive in spite of Price

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

What Could SHIB’s Price Be by 2023?

What Could SHIB’s Price Be by 2023?

June 5, 2023
Richard Teng Eyed as CZ’s Heir

Richard Teng Eyed as CZ’s Heir

June 5, 2023

Popular Story

    • Contact Us
    • Privacy Policy
    • Terms of Use
    • DMCA

    © 2021 - YourCryptoNews.net - All rights reserved!

    No Result
    View All Result
    • Live Prices
    • Crypto News
      • Altcoins
      • Bitcoin
    • Defi News
    • NFT News
    • Blockchain
    • Regulations
    • Trading
    • Scams

    © 2021 - YourCryptoNews.net - All rights reserved!

    • bitcoinBitcoin (BTC) $ 26,806.00 4.26%
    • ethereumEthereum (ETH) $ 1,874.79 3.22%
    • tetherTether (USDT) $ 1.00 0.03%
    • bnbBNB (BNB) $ 277.00 0.06%
    • usd-coinUSD Coin (USDC) $ 1.00 0.06%
    • xrpXRP (XRP) $ 0.529145 3.74%
    • staked-etherLido Staked Ether (STETH) $ 1,873.20 3.26%
    • cardanoCardano (ADA) $ 0.341804 3.13%
    • dogecoinDogecoin (DOGE) $ 0.069507 4.22%
    • solanaSolana (SOL) $ 20.04 0.06%
    • matic-networkPolygon (MATIC) $ 0.804180 2.65%
    • tronTRON (TRX) $ 0.077174 2.03%
    • litecoinLitecoin (LTC) $ 90.16 3.07%
    • polkadotPolkadot (DOT) $ 5.19 2.37%
    • avalanche-2Avalanche (AVAX) $ 14.56 3.31%
    • binance-usdBinance USD (BUSD) $ 0.999798 0.03%
    • shiba-inuShiba Inu (SHIB) $ 0.000008 0.35%
    • daiDai (DAI) $ 1.00 0.16%
    • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 26,822.00 3.94%
    • uniswapUniswap (UNI) $ 4.75 0.25%
    • leo-tokenLEO Token (LEO) $ 3.53 0.67%
    • chainlinkChainlink (LINK) $ 6.18 1.55%
    • cosmosCosmos Hub (ATOM) $ 10.03 0.35%
    • okbOKB (OKB) $ 45.16 1.95%
    • moneroMonero (XMR) $ 146.48 3.05%
    • ethereum-classicEthereum Classic (ETC) $ 17.33 1.43%
    • the-open-networkToncoin (TON) $ 1.66 0.63%
    • stellarStellar (XLM) $ 0.089165 1.58%
    • bitcoin-cashBitcoin Cash (BCH) $ 113.64 3.82%
    • lido-daoLido DAO (LDO) $ 2.39 8.49%
    • true-usdTrueUSD (TUSD) $ 0.999939 0.11%
    • internet-computerInternet Computer (ICP) $ 4.35 0.58%
    • filecoinFilecoin (FIL) $ 4.31 1.84%
    • quant-networkQuant (QNT) $ 116.39 5.55%
    • aptosAptos (APT) $ 8.11 1.07%
    • hedera-hashgraphHedera (HBAR) $ 0.049359 0.91%
    • crypto-com-chainCronos (CRO) $ 0.059625 1.76%
    • arbitrumArbitrum (ARB) $ 1.17 3.2%
    • nearNEAR Protocol (NEAR) $ 1.49 0.47%
    • vechainVeChain (VET) $ 0.018559 0.22%
    • apecoinApeCoin (APE) $ 2.97 0.88%
    • the-graphThe Graph (GRT) $ 0.116800 0.09%
    • paxos-standardPax Dollar (USDP) $ 0.999184 0.09%
    • fraxFrax (FRAX) $ 0.997917 0%
    • eosEOS (EOS) $ 0.888000 5.07%
    • algorandAlgorand (ALGO) $ 0.134304 1.95%
    • the-sandboxThe Sandbox (SAND) $ 0.514914 0.9%
    • rocket-poolRocket Pool (RPL) $ 48.83 3.3%
    • optimismOptimism (OP) $ 1.45 1.94%
    • elrond-erd-2MultiversX (EGLD) $ 36.22 0.74%