• Posted on 2022-10-14
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• Written by vimtechafrica

ELON MUSK UNDER INVESTIGATION, TWITTER MENTIONS IN COURT.

Elon Musk is being investigated by federal authorities over his conduct in his $44-billion takeover deal for Twitter Inc, the social media company said in a court filing released on Thursday.

While the filing said he was under investigation, it did not say what was the exact focus of the probes and which federal authorities were conducting them.

Twitter, which sued Musk in July to force him to close the deal, said attorneys for the Tesla Inc CEO had claimed "investigative privilege" when refusing to hand over documents it had sought.

In late September, Musk's attorneys had provided a "privilege log" identifying documents to be withheld, Twitter said. The log referenced drafts of a May 13 email to the U.S. Securities and Exchange Commission (SEC) and a slide presentation to the Federal Trade Commission (FTC).