Regulator eyes contempt ruling for Musk after no-show

by Pelican Press
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Regulator eyes contempt ruling for Musk after no-show

The US Securities and Exchange Commission intends to seek sanctions against Elon Musk after he failed to appear for court-ordered testimony for the regulator’s probe into his $US44 billion ($A65 billion) takeover of Twitter.

In a filing in San Francisco federal court, the SEC says the sanctions motion will seek an order to show cause for why Musk should not be held in civil contempt for waiting until three hours before the scheduled September 10 testimony to advise he would not show up.



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