Elon Musk cannot move SECs Twitter lawsuit out of Washington DC, judge rules

-Elon Musk, a Washington, DC Federal judge, said he was very busy to defend him in the capital of the country, the growing Twitter shares on the announcement of a late announcement of a securities and the stock exchange commission could not persuade the case.

US regional judge Sparkle Sooknanan said on Thursday that “Mr. Musk took the comfort seriously”, but the world’s richest person has “important tools” and spends at least 40% of his time outside Texas.

“Really,” he wrote, “Mr. Musk’s summary shows that he had a significant time here this year.”

Sooknanan also said that the Judges of Texas have larger vail loads than the court and that they could progress with “Macullary Alacity”.

While trying to move the case, more than 80 hours of week working and usually sleeping in the office or factory “an incredibly busy individual” and Washington said the case “important loads” will apply.

Musk lawyers did not respond immediately to the requests for comments. The SEC spokesperson did not comment by referring to the closure of the government. Musk’s wealth exceeded $ 500 billion for the first time on Wednesday.

The SEC filed a lawsuit against Musk in January and said that the 11 -day delay of revealing the first 5% Twitter shares in the beginning of 2022 allowed artificially low prices to receive more than $ 500 million.

He wants Musk to pay a civilian fine and to give up $ 150 million allegedly saved at the expense of investors. Musk is trying to reject the case. In October 2022, he bought the entire Twitter for $ 44 billion and called X.

Musk lives in Austin and his companies are in Tesla, SpaceX and boring tunnel works in Texas.

Sooknanan rejected the alternative proposal to carry Musk’s SEC Case to Manhattan, where his former Twitter shareholders sued him.

CASE SEC V Musk, USA Regional Court, Columbia Region, No. 25-00105.

This article was created from an automatic news agency feeding without changing the text.