Deep Tide TechFlow News, on November 25, according to Bitcoin.com News, U.S. Federal Judge Jacqueline Scott Corley rejected the U.S. Securities and Exchange Commission (SEC)'s request for sanctions against Musk. Previously, Musk was absent from the September 10 hearing regarding the $44 billion acquisition of Twitter due to his involvement in SpaceX's Polaris Dawn mission. The judge ruled that sanctions were no longer necessary since Musk had completed his testimony on October 3 and paid $2,923 in travel expenses.
The SEC is investigating whether Musk delayed disclosing his purchase of Twitter shares in 2022. Critics argue that this delay allowed Musk to acquire shares at a lower price before disclosing his 9.2% stake. This is another dispute following Musk's settlement with the SEC in 2018 over tweets related to Tesla. The case is still being heard in the Northern District Court of California.