Musk’s SEC Subpoena Fight Carries on After Court’s Oops Moment
Elon Musk in Rome, Italy, on Dec. 16.
Photographer: Alessia Pierdomenico/BloombergThis article is for subscribers only.
Elon Musk will get another chance to resist testifying in the US Securities and Exchange Commission’s probe of his 2022 Twitter Inc. acquisition after a federal magistrate said she erred in ordering him to comply with a subpoena.
It turns out Musk is entitled to make his case to a higher-ranking US district judge about why he shouldn’t have to testify — which was recognized Friday by a San Francisco magistrate judge who said her Feb. 10 order enforcing the subpoena will now be just a recommendation.