Judge denies the attempt by Elon Musk to transfer the Twitter case from Washington to Texas Elon Musk News

Musk, who is the richest man in the world, argued his schedule “incrediblely busy” that made Washington’s presence a burden.

Billionaire Elon Musk failed to persuade a federal judge in Washington, DC, to transfer a lawsuit against the Securities and Stock Exchange Committee (SEC) for the late disclosure of his growing share on Twitter to Texas after he said he was very busy defending himself in the country’s capital.

The provincial judge in the United States, Sparkle Sognanan, said on Thursday that it “takes the comfort of Mr. Musk seriously”, but the richest person in the world has “great means” and spends at least 40 percent of his time outside Texas.

“In fact,” I wrote, “Mr. Musk himself indicates that he spent a great time here this year,” referring to how long he runs the Ministry of Governmental efficiency (DOGE) during the era of President Donald Trump.

Suknanan also said that Texas judges have larger lists of their cases in its court and can move forward in “reasonable caution.”

In seeking to move the case, Musk said that he was “an incredibly busy individual” that works for 80 hours a week and often sleeps in his office or factory. He said that the litigation in Washington, DC, would impose “great burdens.”

Musk’s lawyers did not immediately respond to requests to comment from Reuters news agency. A SEC spokesman had no comment, citing the closure of the government that started on Wednesday.

Musk luck It exceeded $ 500 billion for the first time that day, according to Forbes’s publication.

SEC filed a lawsuit against Musk in January, saying that his delay for 11 days in revealing its first share on Twitter by 5 percent in early 2022, let him buy more than $ 500 million of the shares artificially Low prices.

She wants to musk to pay a civil fine and give up 150 million dollars Save Save At the expense of reassuring investors. Musk seeks to reject the case. he Buy both Twitter For 44 billion dollars in October 2022 and called X.

Musk lives in Austin, Texas, and its companies Timingand Spacex The work of the boring tunnel is concentrated in the state.

Sooknanan rejected Musk alternative proposal to transfer the SEC case to Manhattan, where the former Twitter shareholders are sued.