News

Twitter Revealed Elon Musk Is Under Investigation By The Federal Government

Elon Musk is under scrutiny for his acquisition attempt, according to a filing filed by Twitter’s legal team. It’s not clear whether federal authorities are investigating Musk or what documents were sought, but the request was filed after Musk agreed to buy the company.

According to Bloomberg, Authorities are said to be investigating Elon Musk over his Twitter acquisition attempt.

Twitter said it had asked for months that Musk’s attorneys provide their contact information with federal authorities but it failed to do so, and asked a Delaware judge to order the lawyers to provide document.

“Elon Musk is presently under investigation by federal authorities for his conduct in connection with the acquisition of Twitter,”

The legal team said in an October 6 filing

Twitter’s lawyers requested that Musk’s team provide the same documents because they “bear upon key issues in this litigation“.

Elon Musk first agreed to buy the social media platform in April for $44 billion then he tried to refuse to make the deal citing concerns about fake accounts, sparking fierce legal dispute between the two parties.

However, the billionaire changed his mind and accepted his original bid last week, prompting controversy over the final form of the sale. McCormick last week continued to take legal action until October 28 to give both sides a chance to come to a settlement.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

Foxy

CoinCu News

Victor

Recent Posts

Elon Musk Lawsuit Over Dogecoin Manipulation Comes to an End

Investors withdrew their appeal and motions in Elon Musk lawsuit over Dogecoin manipulation and fraud.

59 minutes ago

Kraken Layer 2 Ink Launched Fault Proof and First Stage

Kraken Layer 2 Ink introduced self-withdrawal to Ethereum, transaction review capabilities, and a security committee…

3 hours ago

Goldman Sachs Increases Bitcoin ETF Holdings to $710M

Goldman Sachs has significantly boosted its Bitcoin ETF holdings, highlighting the rising interest in digital…

3 hours ago

Ethereum Rolls Out Mekong Testnet, SOL Rallies as Solana ETF Hype Grows with Trump’s Election, Rexas Finance to Soar 26x in Coming Weeks

Rexas Finance is expected to grow very quickly, with a 26x increase expected in the…

4 hours ago

From Presale to Potential: Why Qubetics ($TICS) Could Revolutionize the Crypto Space in 2024 Alongside Solana and Ethereum

The crypto market is always buzzing with fresh opportunities, and in November 2024, there’s one…

6 hours ago

Stability Showdown: Mog Coin & POPCAT Price Forecasts vs. BlockDAG’s 200K+ Strong X1 Miner User Base

Discover the latest on POPCAT and Mog Coin, alongside insights into BlockDAG's market impact with…

8 hours ago

This website uses cookies.