SEC Case Against Musk Over Twitter Stake Heads to Trial

SEC Case Against Musk Over Twitter Stake Heads to Trial Elon Musk and the U.S. Securities and Exchange Commission are no longer pursuing a quick settlement and instead appear headed for a courtroom fight over Musk’s 2022 takeover of Twitter, according to Bloomberg. In a status update filed Wednesday, both sides said they had explored possible resolutions but ultimately agreed the case isn’t suited for mediation. “The parties do not believe that this case would benefit…from…ADR,”...

By Tyler Durden