Elon Musk's time in DC comes back to bite him in ongoing lawsuit: report [View all]

Source: Raw Story

October 2, 2025 12:56PM ET


A judge knocked down Elon Musk's argument for getting his U.S. Securities and Exchange Commission’s civil lawsuit moved out of Washington, D.C.

The SEC sued the tech mogul on Jan. 14 alleging violations of federal law requiring the disclosure of his purchase of a 5 percent stake in Twitter, months before he took over the social media platform and eventually changed its name to X, and a federal judge ruled against his request to move the trial to New York or Texas.

"Mr. Musk contends that litigating this case in this District would impose 'substantial burdens' on him because he is 'an incredibly busy individual' and 'it is unlikely [he] could attend an entire trial in Washington, D.C.,'" wrote U.S. District Judge Sparkle Sooknanan.

"The SEC does not dispute these representations," the judge added. "The Court takes Mr. Musk’s convenience seriously, but it also notes that Mr. Musk has considerable means and spends at least forty percent of his time outside his chosen forum."

Read more: https://www.rawstory.com/elon-musk-sec-lawsuit-bites/