Tesla CEO Elon Musk looks on as US President Donald Trump speaks to the press as they stand next to a Tesla vehicle on the South Portico of the White House on March 11, 2025 in Washington, DC. 

Mandel Ngan | AFP | Getty Images

Elon Musk received a court summons last week in connection with the SEC’s lawsuit over his alleged failure to properly disclose purchases of Twitter stock in 2022 before bidding to buy the company, according to a filing on Thursday.

A process server delivered the civil summons to Musk on March 14, at the headquarters of SpaceX in Brownsville, Texas, the filing said. The server noted that upon his arrival at the SpaceX facility, three different security guards refused to accept the documents, and one told him he was trespassing. He “placed the documents on the ground,” and left while the guards photographed him and his car.

The summons pertains to a case concerning Musk’s eventual purchase of Twitter, now known as X, for $44 billion in 2022. Prior to the acquisition, Musk built up a position in the company of greater than 5%, which would’ve required disclosing his holdings to the public within 10 calendar days of reaching that threshold.

According to the SEC’s civil complaint, filed in U.S. District Court in Washington, D.C., in January, Musk was more than 10 days late in reporting that material information, “allowing him to underpay by at least $150 million for shares he purchased after his financial beneficial ownership report was due.”

Once he took over Twitter, Musk used the platform to promote then-candidate and now President Donald Trump, and other Republican candidates and causes. Musk, who’s also CEO of Tesla, spent some $290 million to help propel Trump back to the White House and now serves within the administration as a top advisor to the president.

An answer from Musk, or his attorneys, is due on April 4. Musk has the option to dismiss by that date.

The SEC, Elon Musk, and Quinn Emanuel Partner Alex Spiro, his lawyer, didn’t immediately respond to requests for comment.

Trump’s White House has directed deep cuts in the budget and staff of independent federal regulatory agencies, including the SEC. The regulator offered $50,000 to many of its employees, encouraging them to resign or retire by March 21.

The Trump administration has also reversed a 15-year-old policy that allowed the SEC’s director of enforcement to issue formal orders of investigation. The agency will now require requests for formal orders of investigation to be pitched to and approved by a vote of SEC commissioners, a change likely to slow down probes like the one that led to the SEC’s suit against Musk.

Musk previously settled civil securities fraud charges brought by the SEC at Tesla, his autos business. In that matter, Musk and Tesla each had to pay $20 million in fines, and Musk had to temporarily relinquish his role as chairman of the Tesla board.

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A Boeing 767-332(ER) from Delta Air Lines takes off from Barcelona El Prat Airport in Barcelona, Spain, on October 8, 2024. 

Joan Valls | Nurphoto | Getty Images

CrowdStrike moved Monday evening to dismiss Delta Air Lines’ lawsuit around the July cybersecurity outage that led to canceled flights and stranded passengers, arguing that the airline’s litigation was an attempt to circumvent the contract between the two companies.

The agreement between CrowdStrike and Delta includes a clause limiting CrowdStrike’s liability and a cap on damages, which the cybersecurity provider says Delta is now trying to skirt. CrowdStrike also argued in its filing that Georgia law prevents Delta from converting a breach of contract into tort claims. Delta is based in Atlanta.

“As an initial matter, Georgia’s economic loss rule specifically precludes Delta’s efforts to recover through tort claims the economic damages it claims to have suffered,” CrowdStrike wrote.

Delta said the July cybersecurity outage cost the company more than $500 million in canceled flights, refunds and passenger accommodations. It is seeking to recoup those costs from CrowdStrike through the suit. But the damage done to Delta’s reputation as a premium carrier can’t yet be quantified, nor has the impact of a Department of Transportation investigation into Delta over the outage.

Delta continues to rely on CrowdStrike services following the outage, likely because it is extremely difficult to change cybersecurity providers in systems as large and complicated as Delta’s. 

Still, CrowdStrike said it moved quickly to try and help Delta — offers the cybersecurity company says were rebuffed. “We are good for now,” one message from a Delta executive cited by CrowdStrike read. The cybersecurity company said its executives were in close contact on the day of the outage.

“Delta repeatedly rebuffed any assistance from CrowdStrike or its partners,” CrowdStrike wrote.

CrowdStrike further argues that Delta’s own practices and systems led to the widespread delays and cancellations, unlike other industry peers who recovered much more quickly from the outage.

“Delta was an outlier. Although Delta acknowledges that it took just hours—not days—for Delta employees to” remediate the outage, CrowdStrike wrote in its filing, “cancellations far exceeded the flight disruptions its peer airlines experienced.”

The cybersecurity company’s stock took a sharp hit after the outage, plunging 44%. It’s since largely recovered from those losses, posting strong quarterly results even after lowering its guidance due to the incident. CrowdStrike has been helped by the relative stickiness of its products, especially at large enterprises.

A Delta spokesperson was not immediately available for comment.

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Delta Air Lines planes are seen at John F. Kennedy International Airport on the July 4th weekend in Queens, New York City, U.S., July 2, 2022. 

Andrew Kelly | Reuters

Delta Air Lines on Friday filed a lawsuit against CrowdStrike in Georgia, accusing the security software vendor of breach of contract and negligence after an outage in July that brought down millions of computers and prompted 7,000 flight cancelations.

Other airlines recovered more quickly than Atlanta-based Delta, which said the incident reduced revenue by $380 million and brought $170 million in costs. The flawed software update affected computers running Microsoft’s Windows operating system.

Days after the outage, Delta hired David Boies of law firm Boies Schiller Flexner to seek damages from CrowdStrike and Microsoft. Delta asked for damages to cover its losses, along with litigation costs and punitive damages.

“CrowdStrike caused a global catastrophe because it cut corners, took shortcuts, and circumvented the very testing and certification processes it advertised, for its own benefit and profit,” Delta said in its complaint. “If CrowdStrike had tested the Faulty Update on even one computer before deployment, the computer would have crashed.”

Delta had disabled automatic updates from CrowdStrike but this one reached its computers anyway, the airline said in the suit. Delta claimed that CrowdStrike’s Falcon software created and exploited an unauthorized door in Windows that the airline said it never would have allowed.

“The havoc that was created deserves, in my opinion, to be fully compensated for,” Delta CEO Ed Bastian told CNBC in an interview earlier this month.

CEO George Kurtz has apologized for the incident, and the company has committed to changing its practices to prevent similar events. In August, CrowdStrike lowered its full-year guidance because of a customer commitment package related to the outage.

“While we aimed to reach a business resolution that puts customers first, Delta has chosen a different path,” a CrowdStrike spokesperson told CNBC in an email. “Delta’s claims are based on disproven misinformation, demonstrate a lack of understanding of how modern cybersecurity works, and reflect a desperate attempt to shift blame for its slow recovery away from its failure to modernize its antiquated IT infrastructure.”

Microsoft discussed various potential enhancements with CrowdStrike and other endpoint security software sellers at a summit in September.

WATCH: Delta fires back at CrowdStrike, says outage cost $380 million in revenue

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