Earlier this year, a federal judge ordered Musk to testify as part of the SEC’s probe of the billionaire’s $44 billion acquisition.
The agency is examining whether Musk followed the law when disclosing his purchases of Twitter stock and whether his statements in relation to the deal were misleading.
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After some initial scheduling back-and-forth, the parties had agreed that Musk would testify on September 10, and SEC lawyers flew to Los Angeles to take Musk’s testimony, according to Friday’s court filing.
Musk has previously attempted to fight efforts to testify again in the probe, saying he has already done so twice.
The SEC asked the court to impose “meaningful conditional relief” if Musk does not appear at the new October testimony date.
The SEC also said it intends to file a sanctions motion against Musk to recoup its travel costs for the cancelled testimony and for other relief. »
