The U.S. Securities and Exchange Commission said it intends to seek sanctions against <a href="https://www.foxbusiness.com/category/elon-musk" target="_blank" rel="noopener">Elon Musk</a> after he failed to appear and testify in court amid the agency's probe into his $44 billion takeover of Twitter, which he renamed X.

The SEC is asking for a court order to show cause why the Tesla CEO and SpaceX owner should not be held in civil contempt after he said he wouldn't appear a mere three hours before the scheduled Sept. 10 testimony, Reuters reported.

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The U.S. Securities and Exchange Commission said it intends to seek sanctions against Elon Musk after he failed to appear and testify in court amid the agency's probe into his $44 billion takeover of Twitter.{ai:summary}The U.S. Securities and Exchange Commission plans to pursue sanctions against Elon Musk for not testifying in court about his $44 billion Twitter acquisition. The SEC is seeking a court order to demonstrate why Musk should not be held in civil contempt.This action follows Musk's late notice of his refusal to appear, just three hours before the scheduled testimony. #politics

SEC will seek sanctions against Elon Musk in Twitter probe over failure to appear in court

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