Through a remote hearing before the judge who will preside over the trial, Elon Musk and Twitter discuss requests for information made by the CEO of Tesla by the purchase of 44 billion dollarss according to Alexa Corse in The Wall Street Journal.
Lawyers for Elon Musk and Twitter are ready to discuss several pending requests for information in their ongoing legal fightwith less than three weeks to go before a scheduled trial over Musk’s acrimonious $44 billion takeover.
Among the issues to be discussed are whether the Musk’s team must have access to certain documents that Twitter has claimed are protected by attorney-client privilege and the proposed terms to allow Musk adds details about a Twitter whistleblower’s severance payout to his account. Reason for terminating the contract.
Musk is also looking for more information on how twitter counts fake and spam accounts, which according to him are more frequent on the platform than the company recognizes. Twitter disputes Musk’s claims and says that is using your complaints as a pretext to try to get out of the deal after market conditions worsened.
Twitter already delivered a “Historical snapshot” â€‹â€‹of some 9,000 accounts linked to a quarterly auditaccording to court documents. Musk’s team requested additional details about those accountsincluding data on any suspensions.
The judge asked each side to be prepared to discuss unresolved requests remotely via Zoom on Tuesday.
The Chancellor of the Delaware Chancery Court, Kathaleen McCormick, the Presiding Judgehas kept the case on a fast track, scheduling a five-day bench trial beginning October 17. That gave both sides roughly three months to prepare for the case, and they’ve been vying for the Preliminary legal advantage by collecting documents and sworn testimony. Musk and the Twitter CEO Parag Agrawal they are among those expected to depose.
Musk’s team has pushed for get a variety of information from Twitter, including employee communications and granular data on spam and fake accounts. While the judge has granted some of Musk’s requests, he has denied others, once calling his team’s data requests “absurdly spacious”.
Twitter has said that did not object to Musk including details of his deal with whistleblower Peiter Zatko, his former security chiefbut wants that conditional on Musk’s team producing additional documents. Twitter’s lawyers have questioned whether Musk or his advisers were aware of Zatko’s allegations. before his complaint was publicly revealed in late August.
Whistleblower Aida group that helped file the whistleblowers’ claims, said Zatko did not speak to Musk before filing his complaint.
Zatko claimed that Twitter misled federal regulators and investors over security and privacy flaws. Twitter has said that Zatko’s claims are inaccurate and that he was fired in January for poor performance.
Twitter It is trading at $41.78 and the 70 and 200 period moving averages are below the latest candles. Meanwhile, the Ei indicators are practically bullish.