[Musk and SEC Fail to Settle Twitter Case, Heading to Trial] Deep Tide TechFlow reports that on April 2, according to Jintou Data, Elon Musk and the U.S. Securities and Exchange Commission (SEC) informed the judge that both parties 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. This joint case progress report, submitted to the federal court in Washington on Wednesday local time, comes just two weeks after lawyers for both sides indicated they were negotiating a settlement. In the new filing, the lawyers stated that they and their clients had discussed alternative dispute resolution options. The document noted: 'Both 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 to this case.' Musk has recently faced setbacks in other legal cases related to his acquisition of Twitter four years ago.