Elon Musk cannot move SEC's Twitter lawsuit out of Washington DC, judge rules


FILE PHOTO: Elon Musk attends the opening ceremony of the new Tesla Gigafactory for electric cars in Gruenheide, Germany, March 22, 2022. Patrick Pleul/Pool via REUTERS/File Photo/File Photo

(Reuters) -Elon Musk failed to persuade a Washington, D.C. federal judge to move a Securities and Exchange Commission lawsuit over his late disclosure of his growing Twitter stake to Texas, after saying he was too busy to defend himself in the nation's capital.

U.S. District Judge Sparkle Sooknanan said on Thursday she "takes Mr. Musk's convenience seriously," but the world's richest person has "considerable means" and spends at least 40% of his time outside Texas.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Tech News

It’s not just you. Users struggle with the Instagram repost button.
Robinhood to enter Indonesia with brokerage, crypto trader acquisition
Artificially intelligent: The evolving threat of deepfakes
Trump says he'll be involved in review of Netflix-Warner Brothers deal
Scale of social media use in pre-school children ‘deeply alarming’
Opinion: Are QR codes computer-friendly?
Pick your handle: WhatsApp preparing reservation queue for usernames
'Kirby Air Riders': A 'Mario Kart' alternative for the Switch 2
Meta delays release of Phoenix mixed-reality glasses to 2027, Business Insider reports
Opinion: How can you tell if something’s been written by ChatGPT? Let’s delve

Others Also Read