Elon Musk's lawyers won part of their Delaware court fight with Twitter after presenting a petition to get data from Twitter employees.
Elon Musk's Legal Team Won a Partial Success Against Twitter
This week, Elon Musk's attorneys filed a motion to obtain information from 22 Twitter workers, custodians, and the 41 others with whom both parties had previously agreed to share data. This was a partial victory for Elon Musk's legal team in their battle with Twitter in the Delaware Court of Chancery.
The former director of consumer product at Twitter, Kayvon Beykpour, was the only person on the list who was required to gather, review and transmit documents, according to Judge Kathaleen McCormick's ruling.
Musk's lawyers are looking for evidence to support their claims that Twitter committed fraud as the October 17 trial date for Twitter's lawsuit against Musk for trying to break up their $44 billion deal approaches. Meanwhile, Twitter's legal team is issuing subpoenas to support their side of the case.
Anonymous sources said Musk's lawyers requested mid-level and lower-level Twitter employees for information. His legal team filed a new motion to compel information on Twitter's user data and its collection and analysis.
Since Musk disputes the company's claim that spam bots make up less than 5% of the accounts it tracks, the company allegedly hindered his efforts to verify how many daily active users are bots. The long countersuit had a Twitter response.
On The Verge's Decoder podcast last year, Beykpour was labeled "responsible for choosing what tools Twitter creates for folks to express themselves." Revue mailings live audio Spaces rooms, and Super Follows were included.
As of May 12, when Twitter's new CEO, Parag Agrawal, fired both Beykpour and Bruce Falck, he is a former executive. Beykpour defended his departure by tweeting that Parag asked him to leave because he wanted to change the team's direction.
According to a report by Bloomberg cited in The Verge, Musk's attorney Alex Spiro, "we look forward to studying Beykpour's conversations and will continue to seek information and witnesses until the complete truth comes out."
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Elon Musk Sold 7.9M Tesla Shares for $6.88 Billion
Elon Musk, CEO of Tesla, has sold an additional 7.92 million Tesla shares for about $6.88 billion. According to regulatory documents, the transactions happened during the company's annual shareholder meeting last week.
Musk claims he needs the cash if he is required to pay $44 billion for Twitter. After declaring last month that he would back out of an agreement to purchase the social media site, the multi-billionaire is locked in a legal spat with it.
According to six documents filed with the US Securities and Exchange Commission, the most recent transactions occurred on August 5, 8, and 9.
When asked in a tweet if he had completed selling Tesla shares after the share sale became public, Mr. Musk replied "yes," adding that he needed the money in case he was forced to acquire Twitter and could not get part of the funds for the acquisition.
Musk responded in the affirmative when questioned by another user whether he will buy back Tesla shares whether or not the Twitter acquisition happens.
The firm sued Mr. Musk after he announced in July that he would abandon his attempt to acquire Twitter. A US court decided last month that the trial for Twitter's case against Musk should take place in October.
Twitter hopes the court will direct Mr. Musk to finalize the acquisition at the agreed-upon share price of $54.20.
