A California federal court overturned its earlier decision, exempting billionaire Elon Musk from testifying about the Twitter (X) deal. The news agency reports that Bloomberg Referring to the court decision.
According to the agency, the reason for the annulment of the decision was the judge’s mistake in not taking into account all legal aspects of the case. As a result, the court decided to change its opinion of Musk’s statement to advisory. Additionally, the case was transferred to the district court.
Musk, who bought Twitter for 44 billion dollars on October 27, 2022, changed the name of the social network he bought in July 2023 to X and changed its logo. Last October, the U.S. Securities and Exchange Commission (SEC) filed a lawsuit to force the businessman to testify.
Before that, American entrepreneur Elon Musk in the name He appeared in court to testify within the scope of the investigation regarding the acquisition of the social network Twitter (X).
Previously Musk explained Buying Twitter with the phrase “I had to.”