[Musk and SEC Fail to Settle Twitter Case, Heading to Trial] Reported by Jinse Finance, April 2—Elon Musk and the U.S. Securities and Exchange Commission (SEC) have informed the judge that they are heading to trial to resolve allegations by the regulatory agency that Musk misled investors of the social media platform prior to his 2022 acquisition of Twitter. The joint case status report, submitted to a federal court in Washington on Wednesday local time, comes just two weeks after attorneys for both sides indicated they were negotiating a settlement. In the new filing, the attorneys stated that they and their clients had discussed alternative dispute resolution options. The document reads: 'The parties believe that, under the current circumstances, neither the court's alternative dispute resolution procedures nor any other form of alternative dispute resolution would be beneficial for this case.' Musk has recently faced setbacks in other legal cases related to his acquisition of Twitter four years ago. (Jin10)