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Search resuls for: "Delaware Judge"


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☆ A judge might force Elon Musk to buy Twitter
  + stars: | 2022-09-20 | by ( Alex Kantrowitz | Big Technology | ) www.businessinsider.com   time to read: +10 min
The trial between Twitter and Elon Musk will begin on October 17 at the Delaware Chancery Court. The Delaware judge hearing Twitter's case vs. Elon Musk listened incredulously as Musk's lawyers asked her to postpone the trial. The DecoPac deal, like many acquisitions, had a clause called "specific performance," which allows the courts to force the deal to close. It didn't take long for McCormick's life at the Chancery Court to get interestingElon Musk agreed to buy Twitter in April 2022. And Twitter then sued Musk for specific performance in Delaware Chancery Court later that month.
☆ Twitter is about to get its first chance to question Elon Musk under oath, and it's making a rare move in also deposing his lawyer
  + stars: | 2022-09-20 | by ( Grace Kay | ) www.businessinsider.com   time to read: +3 min
It's Twitter's first chance to question Musk under oath regarding his decision to ditch the deal. Most recently, Musk's legal team has amended its countersuit to include an explosive whistleblower complaint from a former Twitter security chief. During the pretrial discovery process, Twitter's lawyers have repeatedly complained of a lack of compliance from Musk and his legal team. Earlier this month, the Delaware judge overseeing the case called Musk's lawyers "suboptimal" in their efforts to produce people with knowledge of the deal. On Tuesday, Musk's legal team brought Twitter cofounder Jack Dorsey in for a deposition over zoom.
☆ Elon Musk accuses Twitter of fraud and says 'he has the full right' to end deal
  + stars: | 2022-09-16 | by ( ) www.nbcnews.com   time to read: +1 min
— Billionaire Elon Musk accused Twitter of fraud by concealing serious flaws in the social media company’s data security, which the entrepreneur said should allow him to end his $44 billion deal for the company, according to a Thursday court filing. Musk, the world’s richest person, amended his previously filed lawsuit by adopting allegations by a Twitter whistleblower, who told Congress on Tuesday of meddling on the influential social media platform by foreign agents. Musk said the claims by the whistleblower, former head of Twitter security Peiter “Mudge” Zatko, amounted to fraud and breach of contract by Twitter. Musk has asked a Delaware judge to find that he was not obligated to close the deal while Twitter wants the judge to order Musk to buy the company for $54.20 per share. Twitter’s lawyers have said in court that the whistleblower claims that Musk folded into his case were either not grounds for terminating the deal agreement or failed to meet the standard for fraud.
☆ Twitter slams Elon Musk's third attempt to get out of the deal as 'illegal.' Next up, more Musk texts could be made public and the whistleblower will testify.
  + stars: | 2022-09-12 | by ( Grace Kay | ) www.businessinsider.com   time to read: +4 min
Musk's team argued an alleged $7.75 million severance to the Twitter whistleblower breached the deal. In the letter, Musk's lawyers argued that a recently reported $7.75 million severance payment given to Twitter whistleblower and ex-security chief Peiter Zatko breached the deal. Last week, one of Musk's text messages appeared to cast doubt on the billionaire's reasons for ditching the deal. Twitter's legal team used the tweet to support its argument that Musk is walking away from the deal due to economic concerns. More of Musk's text are expected to be released publicly as soon as Monday.
☆ Judge calls Elon Musk's legal team's efforts 'suboptimal' and takes a dig at his decision to waive due diligence on Twitter deal
  + stars: | 2022-09-07 | by ( Grace Kay | ) www.businessinsider.com   time to read: +4 min
A Judge had some harsh words for Elon Musk's legal team in its court battle with Twitter. Chancery Court Judge Kathleen St. J. McCormick sounded irritated with Musk's team at several points during the hearing. McCormick also called Musk's legal team "suboptimal" in its response to naming the parties involved in the deal. The judge pushed back at multiple claims from Musk's legal team. It wasn't the first time that the judge has had sharp words for Musk's legal team.
☆ Elon Musk takes another loss in Twitter battle as his request to delay trial is denied — but judge says he can add whistleblower allegations to his suit
  + stars: | 2022-09-07 | by ( Grace Kay | Kali Hays | ) www.businessinsider.com   time to read: +5 min
Twitter has already seen negative effects on its business during the case so far, the judge said. Musk's team cannot do any kind of extensive additional discovery that will delay the case, with the judge only allowing "incremental" and "targeted" requests for more document production from Twitter. She rejected the billionaire's request to delay the trial, his second attempt to do so, reiterating that any further delay poses an outsized risk to Twitter as a business. "I am convinced that even four weeks' delay would risk further harm to Twitter too great to justify." While Zatko's whistleblower claims mainly revolve around security issues at Twitter, Musk seized on them to prove his allegations of fraud.
☆ Top Fox News personalities face questioning as Dominion Voting's defamation lawsuit moves forward
  + stars: | 2022-09-02 | by ( Lillian Rizzo | ) www.cnbc.com   time to read: +3 min
Alexi Rosenfeld | Getty ImagesNext week, Maria Bartiromo will join the parade of Fox personalities who are being called to answer questions in Dominion Voting Systems' defamation lawsuit against the network. Dominion has argued that Fox Corp. 's Fox News and Fox Business made false claims that its voting machines rigged the results of the 2020 election between Donald Trump and Joe Biden. But in December, the Delaware judge overseeing the Dominion case denied Fox News' request to have the case dismissed. Fox has asked the court to keep all of the collected materials private, claiming that Dominion mischaracterized what the documents show as actual malice. FOX Business' "Mornings With Maria" anchor Maria Bartiromo at Fox Business Network Studios on April 6, 2018 in New York City.
☆ Twitter says an Elon Musk ally is trying to 'flip Twitter the bird' and dodge legal requests over his involvement in the $44 billion deal
  + stars: | 2022-08-30 | by ( Grace Kay | ) www.businessinsider.com   time to read: +4 min
Twitter is arguing that Sacks and his companies could have key details on Elon Musk's decision to back out of his purchase. Twitter said the motion to quash the subpoenas "serves no apparent purpose beyond satisfying Sacks' desire to flip Twitter the bird." 'Off-the-cuff'In the podcast Twitter references, Sacks appears to mock the social media company's legal team. Twitter's initial subpoena referenced several of Sack's tweets, including one in which he provides a checklist for the next CEO of Twitter. Most recently, Musk's legal team is attempting to amend its initial counterclaims against Twitter's lawsuit.
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