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Elon Musk and the U.S. SEC may go to trial over the Twitter shareholding dispute.
Elon Musk and the U.S. Securities and Exchange Commission (SEC) told a judge that both parties will proceed to trial over the regulator’s allegations. The SEC accuses the billionaire of engaging in deceptive behavior toward investors of the social media platform prior to acquiring Twitter in 2022. This joint case report, submitted to the U.S. District Court in Washington on Wednesday, comes just two weeks after both sides’ lawyers stated they were “exploring potential settlement options” regarding the SEC’s lawsuit filed in January 2025. The legal team in the latest filing said they had discussed alternative dispute resolution methods with their client. The document states: “All parties agree that this case is currently not suitable for the court’s alternative dispute resolution procedures or any other form of alternative dispute resolution.”