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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsHow Bad Are Elon Musk's Latest Twitter Shenanigans?
(Slate) The Elon MuskTwitter saga had seemed to have entered a quiet period over the last week or soin court, anyway. But on Thursday, the Delaware Court of Chancery unsealed an Oct. 6 filing by Twitters lawyers alleging that the Tesla and SpaceX CEO is under federal investigation related to his attempted purchase of the social-media company. Twitter would like to see Musks correspondence with federal authorities. So would Slates Elon Musk Shenanigans Watch, which comes to you now in its inaugural edition. (Officially, that is. What has the past year of Elon Musk news been if not one big shenanigans watch??)
According to Twitters lawyers, Musks team has been playing hide the ball with the correspondence, claiming that the documents lie outside the scope of discovery in the suit. It then goes on to describe the companys almost comically lengthy attempts to get those communications, which Musks lawyers still had not produced less than two weeks before the start of the trial that would determine whether Musk would be forced to buy the platform. This delay isnt necessarily important, though its fun to imagine Musks very serious counsel coming up multiple new versions of the dog-ate-my-homework excuse. Lets call this stuff shenanigans-adjacent.
Whats important is who might be investigating Musk and why. The Twitter filing isnt clear on either, though it drops some clues. According to Reuters, In late September, Musks attorneys provided a privilege log identifying documents to be withheld from discovery. The log referenced drafts of a May 13 email to the U.S. Securities and Exchange Commission and a slide presentation to the Federal Trade Commission, Twitter said.
But the existence of investigations by those agencies isnt a revelation: The Wall Street Journal broke the news back in May. The SEC, for its part, found it suspicious that Musk was late making the required disclosures to the government when he amassed 5 percent of Twitters stock earlier this year. As Slates Alex Kirshner wrote at the time, the government had a nearly airtight, mostly pointless case against Elon Musk. The FTC was also investigating Musks initial purchases of Twitter shareseventually he reached 9 percenton antitrust grounds. It could be that there are other SEC or FTC investigations, or that some other agency is looking into Musk right now. ............(more)
https://slate.com/technology/2022/10/elon-musk-federal-investigation-twitter-shenanigans-watch.html
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How Bad Are Elon Musk's Latest Twitter Shenanigans? (Original Post)
marmar
Oct 2022
OP
Loki Liesmith
(4,602 posts)1. Just don't get the obsession with Musk.
Iwasthere
(3,168 posts)2. Wealth tax PLEASE!!
If you make that kind of profit(s) hou should give back. That's the wY it used to be. Before reagun