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Musk to testify in Twitter lawsuit next week to be questioned by lawyers

  • linda
  • 2022-09-21 13:59:52
  • 297 read
  Tesla CEO Elon Musk (Elon Musk) was sued for abandoning the acquisition of Twitter. As part of the lawsuit, ...

  Tesla CEO Elon Musk (Elon Musk) was sued for abandoning the acquisition of Twitter. As part of the lawsuit, Musk will be questioned by Twitter lawyers next week.

  Musk's briefing is scheduled for Sept. 26-27, according to a filing today in Delaware Chancery Court. The interview will take place behind closed doors at a law firm in Wilmington, Delaware. If necessary, it may be extended to September 28.

  At present, the lawsuit battle between Twitter and Musk is intensifying. The case will be officially opened on October 17 this year for a five-day trial. For now, both sides are seeking extensive correspondence and documents from the other to better defend themselves ahead of the trial. At the same time, the lawsuit has swept some of the biggest names in Silicon Valley and Wall Street.

  In addition to Musk, Oracle founder Larry Ellison, former Intel CEO Robert Swan and Twitter co-founder Jack Dorsey also received subpoenas.

  In the lawsuit, both sides accused the other of violating the acquisition agreement signed in April. And Twitter wants the judge to order Musk to continue to buy Twitter for $54.20 per share in accordance with the original agreement.

  It has been reported recently that several hedge funds, including Greenlight Capita and Pentwater Capital Management, believe that Musk will ultimately not get his way and may end up buying Twitter at a price of 10% to 15% lower than the original transaction price.


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