Elon Musk has accused Twitter of hiding the witnesses his team needs to prove that his termination of the $44 billion buyout is justified, according to a Bloomberg report.
This is the latest in the Elon Musk-Twitter lawsuit saga as both parties prepare for the October 17 trial. The founder of SpaceX insists that Twitter has refused to hand over the names of the employees in charge of evaluating the number of spam and bot accounts on the microblogging site, people familiar with the investigation told Bloomberg.
Musk’s team of lawyers filed a plea on Tuesday with the presiding judge, Chancellor Kathaleen McCormick to compel Twitter to release the names. According to the Delaware Court of Chancery rules, the social media platform’s lawyers now have five days to redact any of the information they deem to be proprietary.
The 51-year-old hopes that his lawyers get the employees’ statements and their records to help build his case, according to the Bloomberg report.
The court filing comes the same day that Musk sold Tesla shares worth $6.9 billion sparking speculation that the tweet happy billionaire was going to consider settling. The revelation came after some Twitter users pointed to a Securities Exchange Commission filing made by Musk. Replying to a tweet about the SEC filing, he said, “In the (hopefully unlikely) event that Twitter forces this deal to close *and* some equity partners don’t come through, it is important to avoid an emergency sale of Tesla stock.”
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On July 8, 2022, the tech billionaire pulled out of the $44 billion buyout while refusing to pay the $1 billion breakup fee. According to him, the social media company had failed to disclose adequate information regarding the bot and spam accounts on Twitter which could potentially affect earnings in the future if he went through with the deal.
Twitter filed a lawsuit four days later on July 12 suing Musk accusing him of sabotaging the merger and demanding that he complete the deal.
