WILMINGTON: Elon Musk is being investigated by federal authorities over his conduct in his $44 billion takeover deal for Twitter Inc (TWTR.N), the social media company said in a court filing released on Thursday.
While the filing said he was under investigation, it did not say what the exact focus of the probes was and which federal authorities are conducting them. Twitter, which sued Musk in July to force him to close the deal, said attorneys for the Tesla Inc (TSLA.O) CEO had claimed “investigative privilege” when refusing to hand over documents it had sought.
In late September, Musk’s attorneys had provided a “privilege log” identifying documents to be withheld, Twitter said. The log referenced drafts of a May 13 email to the U.S. Securities and Exchange Commission (SEC) and a slide presentation to the Federal Trade Commission (FTC).
“This game of ‘hide the ball’ must end,” the company said in the court filing. The court filing, which asked Delaware judge Kathaleen McCormick to order Musk’s attorneys to provide the documents, was made on Oct. 6 – the same day that McCormick paused litigation between the two sides after Musk reversed course and said he would proceed with the deal.
