Elon Musk to seek district court review of order in SEC X case
Source: Reuters
Elon Musk to seek district court review of order in SEC X case
Chris Prentice
Updated Thu, February 15, 2024 at 7:33 PM EST·1 min read
WASHINGTON (Reuters) -Elon Musk plans to ask a district court to review a U.S. magistrate judge's order siding with the U.S. Securities and Exchange Commission as it seeks to compel him to testify for its investigation of his $44 billion takeover of Twitter, according to a court document filed on Thursday.
U.S. Magistrate Judge Laurel Beeler on Saturday ordered Musk to testify again in the SEC's probe of his takeover of the social media giant - that Musk subsequently renamed X - giving the billionaire and the agency a week to agree on a date.
The order formalized her tentative ruling from December in which she sided with the SEC.
In Thursday's filing, Musk's lawyers asked the court to say her ruling was just a recommendation and not binding.
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