Federal authorities are investigating the behavior of Elon Musk in The $44 billion acquisition deal for Twitter Inc. , And the social media The company said in Release a lawsuit on Thursday.
While the lawsuit stated that he was under investigation, he did not say what the exact focus was of It was the investigations and the federal authorities are conducting.
Twitter that sued Musk in July to force Lawyers told him to close the deal for Tesla Inc CEO claimed ‘investigation privilege’ when he refused to hand it over over documents sought.
In late September, Musk’s lawyers filed a “record of privileges” to determine which documents should be withheld, Twitter said. The log indicated drafts of May 13 email to the US Securities and Exchange Commission (SEC) and a slide presentation to the Federal Trade Commission (FTC).
“this is game of ‘Hide ball must end,’ the company said. in Court filing.
The court filing, which asked Delaware District Judge Kathleen McCormick to order Musk’s attorney to file the documents, was made on October 6 – The same day McCormick halted litigation between the two sides after Musk reversed course and said he would move forward. with Deal.
Alex Spiro, lawyer for Musk told Reuters that the court filing on Twitter was “disinformation” and asserted: “It is the Twitter executives who are the subject of a federal investigation.”
Twitter declined to me comment on Spiro’s statement. He. She also declined comment When asked by Reuters for her understanding of No investigation of musk.
The Securities and Exchange Commission did not immediately respond to the request for comment and the Federal Trade Commission declined to me comment.
The Securities and Exchange Commission questioned Musk’s comments about the Twitter acquisition, including whether he owns a 9% stake. built up Before his offer was announced, it was revealed belatedly and why he indicated that he intended to be a passive contributor. Musk later rediscovered the reveal to indicate that it was active investor.
In June, the Securities and Exchange Commission asked Musk in e-mail either should I modified it public Submission to reflect its intent to suspend or abandon the transaction.
information, a tech news site, reported in April that the Federal Trade Commission was studying whether Musk failed to comply with Investor-related antitrust reporting requirement intentions of being negative or active partner.
Tweet said in June, however, that the acquisition deal with Musk had authorized an antitrust waiting period for review by the Federal Trade Commission and the US Department of Justice.
McCormick gave Musk until October 28 to close the acquisition. If the transaction is not completed by then, the trial date will be set for November.
