Settlement Fails: Musk and SEC to Face Off in Court Over Twitter Fraud Case
1 week ago / Read about 0 minute
Author:小编   

On April 2, Bloomberg reported that Elon Musk and the U.S. Securities and Exchange Commission (SEC) informed a judge on Wednesday that they would proceed to trial, as the SEC has accused Musk of defrauding investors during the 2022 acquisition of Twitter. Lawyers from both sides had previously negotiated potential settlements but ultimately concluded that alternative dispute resolution methods would not be effective in this case.