PANews reported on April 2nd that Elon Musk and the U.S. Securities and Exchange Commission (SEC) have informed a judge that they are heading towards trial to resolve allegations that Musk deceived investors in the social media platform Twitter before its 2022 acquisition. This joint progress report, filed Wednesday in a Washington federal court, comes just two weeks after lawyers for both sides indicated they were negotiating a settlement. The lawyers stated in the new filing that they and their clients have discussed alternative dispute resolution methods. The filing states, "Both parties believe that, under the current circumstances, alternative dispute resolution procedures or any other form of alternative dispute resolution would not be of any benefit to this case." Musk has recently suffered setbacks in other legal cases related to his acquisition of Twitter four years ago.