this post was submitted on 23 Nov 2024
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A federal judge on Friday rejected the U.S. Securities and Exchange Commission's request to sanction Elon Musk after he failed to appear for court-ordered testimony for the regulator's probe into his $44 billion takeover of Twitter.

U.S. District Judge Jacqueline Scott Corley in San Francisco said sanctions over Musk's Sept. 10 absence were unnecessary, after the world's richest person testified on Oct. 3 and agreed to pay the SEC's $2,923 of travel costs.

"Because the present circumstances forestall any occasion for meaningful relief that the court could grant, the SEC's request is moot," Corley wrote.

The SEC had sought a declaration that Musk violated a May 31 court order to provide testimony.

It said having only to repay travel costs would not deter many other people from ignoring court orders, "much less someone of Musk's extraordinary means."

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[–] [email protected] 43 points 2 hours ago (2 children)

Don't you just love it when you're so rich and powerful that the rules just simply don't apply to you?

[–] [email protected] 4 points 46 minutes ago

I haven't had a chance to try it.

[–] [email protected] 11 points 2 hours ago (2 children)

https://www.youtube.com/watch?v=uqsBx58GxYY

History repeats itself.

Walking right into an Oligarchy

[–] iAmTheTot 1 points 27 minutes ago

Into? Been there for a while.

[–] the_post_of_tom_joad 2 points 28 minutes ago* (last edited 26 minutes ago)

I'm thinkin' rather than walking towards it...we've been partying in the building awhile friend. Now's the time of night they drop the act and lock the doors a la 'From Dusk Till Dawn'.

[–] [email protected] 23 points 3 hours ago (1 children)

Think maybe we should start teaching Glenn Beck how to spell?

[–] [email protected] 10 points 1 hour ago (1 children)

You can make anything into an acronym when you're a fucking idiot and just circle random letters

[–] [email protected] 11 points 1 hour ago

And yet he still couldn't do it right.