A judge has delayed a looming trial between Twitter and Elon Musk. The move gives the Tesla CEO more time to close his $44 billion deal to buy the social media company after months spent fighting to get out of it. Chancellor Kathaleen St. Jude McCormick, head of the Delaware Chancery Court, said Thursday that Musk and Twitter have until Oct. 28 to close the deal. She said that a […]
DOVER, Del. (AP) — A Delaware judge is hearing arguments over the exchange of information by lawyers in Twitter's lawsuit seeking to force billionaire Elon Musk to carry through with his $44 billion acquisition of the social media giant. Tuesday's hearing comes three weeks before a scheduled trial in the dispute. Musk agreed in April to buy Twitter and take it private, offering $54.20 a share and vowing to loosen […]
DOVER, Del. (AP) — The Delaware judge presiding over Twitter Inc.'s lawsuit to prevent billionaire Elon Musk from backing out of a $44 billion deal to buy the social media company has ordered both sides to turn over more information to opposing lawyers. After hearing oral arguments Wednesday, the judge ordered Twitter Thursday to provide Musk's attorneys more data regarding the company's estimates that less than 5% of the accounts […]
WASHINGTON (AP) — A former head of security at Twitter has filed whistleblower complaints with U.S. officials, alleging that the company misled regulators about its cybersecurity defenses and its problems with fake accounts, according to reports by the Washington Post and CNN. Peiter Zatko, Twitter's security chief until he was fired early this year, filed the complaints last month with the U.S. Securities and Exchange Commission, the Federal Trade Commission […]
Elon Musk accused Twitter of fraud in a countersuit over his aborted $44 billion deal for the social media company, which he said held back necessary information and misled his team about its true user base. According to The Washington Post, the countersuit filed by the billionaire and Tesla CEO filed on Thursday alleges that Twitter committed fraud, breach of contract and violation of the Texas Securities Act. The Wall […]
DOVER, Del. (AP) — A Delaware judge has ruled that Elon Musk's answer to Twitter's lawsuit over his attempt to back out of a $44 billion deal to buy the social media company will be made public by Friday evening at the latest. Attorneys for Musk wanted to file a public version of their answer and counterclaims in Delaware court on Wednesday. But Twitter attorneys complained that they needed more […]
Elon Musk on Monday threatened to walk away from his $44 billion bid to buy Twitter, the latest sign that his plan to overhaul the social media platform may really be starting to fray. Lawyers for the Tesla and SpaceX CEO made the threat in a letter to Twitter accusing the company of refusing to give him information about "spam bot" accounts. Such bots have become a major public preoccupation […]
