Tesla founder and CEO, Elon Muskis being investigated by the US authorities in relation to his attempted purchase of the company Twitter.
The firm’s attorneys revealed Thursday that the billionaire is being investigated over Musk’s attitude in the company’s takeover process, according to Bloomberg.
“Elon Musk is being investigated by federal authorities for his conduct in connection with the acquisition of Twitter“the lawyers wrote in a filing dated 6 October.
Twitter asks the court for access to the documents Musk handed over to the authorities.
“Through the lawyer, he exchanged substantial correspondence with those authorities regarding their investigations. Twitter he wants those documents, because they have to do with key issues in this litigation, “assured the lawyers.
The US Securities and Exchange Commission sent an investigation earlier this year to Musk on how he initially disclosed his main stake Twitteraccording to an April 4 letter released by the SEC in May.
Musk revealed on April 4 that he had acquired more than 9%. Twitterone week later than permitted by law and using a presentation typically reserved for passive investors.
It subsequently embarked on an intermittent $ 44 billion takeover bid.
According to the presentation, Twitter it also seeks access to correspondence between Musk and the Federal Trade Commission.
