TechFlow news, November 25 — According to Bitcoin.com News, U.S. federal judge Jacqueline Scott Corley has rejected the Securities and Exchange Commission’s (SEC) request for sanctions against Elon Musk. Previously, Musk had missed a September 10 trial regarding his $44 billion acquisition of Twitter due to his participation in SpaceX's Polaris Dawn mission. The judge ruled that sanctions were no longer necessary, as Musk had already completed his testimony on October 3 and paid $2,923 in travel expenses.
The SEC is investigating whether Musk delayed disclosing his purchase of Twitter shares in 2022. Critics argue that this delay allowed Musk to acquire shares at a lower price before publicly revealing his 9.2% stake. This marks another dispute following Musk's 2018 settlement with the SEC over Tesla-related tweets. The case is currently still pending in the U.S. District Court for the Northern District of California.
