Corporate
Dec. 15, 2023
Judge unlikely to bar SEC’s subpoena of Musk
“I recognize it’s rare to deny enforcement of an SEC subpoena but … the SEC has to be reasonable. The SEC has crossed the line from persistence into obsession with respect to Mr. Musk,” his attorney Christopher Michel of Quinn Emanuel Urquhart & Sullivan said
Elon Musk’s attorneys asked a federal judge in San Francisco Thursday to block a subpoena from the Securities and Exchange Commission, which is conducting an investigation into whether the businessman violated federal securities laws when he purchased Twitter Inc. stock, made statements and SEC filings related to Twitter.
“The SEC has broad investigatory powers. They have the orders to authorize the investigations,” U.S. Magistrate Judge La...
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