Musk, Twitter Clash Over $44B Deal Trial Delay In Del. [Law360: Mergers & Acquisitions]


By Jeff Montgomery (September 6, 2022, 9:02 PM EDT) — Attorneys for tech billionaire Elon Musk urged Delaware’s chancellor Tuesday to delay the scheduled Oct. 17 start of a trial on Twitter’s suit to compel closing on Musk’s $44 billion deal to buy the company, with Twitter’s counsel slamming the request as an unsupportable litigation gambit.

The dispute capped an afternoon-long Court of Chancery battle over issues ranging from Twitter’s calls for sanctioning Musk for discovery misconduct and for a court-ordered release of Musk’s emails referencing the deal on Tesla Inc. and SpaceX servers to Musk’s claims that Twitter had failed to comply with demands for allegedly withheld Twitter employee messages…

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Source
Author: unknown