(Bloomberg) — Elon Musk told regulators last month that a May 17 tweet about his concerns over buying Twitter didn’t require him amending his filings with the US Securities and Exchange Commission.
In a June 7 letter, Musk’s lawyers said staff of the SEC had raised questions about Musk’s tweet which included the statement that the “deal cannot move forward.”
“Mr.
Musk does not believe, however, that the May 17, 2022 social media posts regarding spam and fake accounts on Twitter Inc.’s platform triggered any required amendment to his previously filed Schedule 13D,” Mike Ringler, an attorney with Skadden, Arps, Slate, Meagher & Flom, wrote in the letter.
“Despite Mr. Musk’s desire to obtain information to evaluate the potential spam and fake accounts, there was no material change to Mr. Musk’s plans and proposals regarding the proposed transaction at such time.”
The letter is a sign that the SEC was asking questions about Musk’s disclosures around the $44 billion takeover of Twitter.
Last week, Musk said he was abandoning the deal and Twitter has filed suit.
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