A U.S. federal judge dismissed the SEC's request to sanction Elon Musk because he was absent from testifying in a court order related to his $44 billion acquisition of Twitter. Judge Jacqueline Scott Corley ruled that Musk should not be sanctioned for missing his testimony on October 3 and ordered the SEC to reimburse him $2,923 in travel expenses. The SEC argued that Musk violated an order from May 31 and sought a stronger deterrent, but Corley found the issue to be moot. Musk attributed his absence on September 10 to overseeing SpaceX's Polaris Dawn mission. The SEC's investigation aims to determine whether Musk delayed disclosing his purchase of Twitter shares in 2022, which could violate securities laws. Critics argue that this delay allowed Musk to buy the company's stock at a lower price before disclosing his 9.2% stake. Musk previously acknowledged a misunderstanding of SEC rules. He had previously reached a settlement with the SEC in 2018 regarding tweets related to Tesla. The case is still pending in the Northern District of California.

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