A federal judge in Washington, D.C., ruled Thursday that a Securities and Exchange Commission lawsuit against X owner and Tesla CEO Elon Musk must remain in the nation's capital instead of moving it to Texas. The SEC sued Musk in January, alleging he failed to properly disclose his purchase of Twitter stock in 2022, before he purchased the social media platform, thereby underpaying its investors. U.S. District Judge Sparkle Sooknanan ruled the world's richest man has "considerable means" and spends at least 40% of his time outside Texas. She also said that he spent considerable time in D.C. this year when he oversaw the Department of Government Efficiency, according to Reuters. The judge also said that Texas judges have heavier case loads than she does, which means she can oversee the case with "reasonable alacrity."