Elon Musk can tweet about the Twitter deal but not “disparage the company or its representatives,” according to a securities filing.
Jakub Borzicki | NoorPhoto | Good pictures
Elon Musk and Twitter The sparring continued on Monday, with the social media company lashing out Tesla The CEO’s request for a slower testing schedule. Musk is trying to break the deal he made earlier to buy Twitter and take it private for $54.20 a share, or about $44 billion.
Musk has repeatedly accused Twitter of lying about the number of bot and spam accounts on its site. Twitter has denied these claims case To force Musk to close the deal.
Twitter wanted to go to trial in early September, but Musk had asked a Delaware court to deny a request for an expedited trial and ask for a target of next year. Musk needs time to conduct a thorough investigation into whether the company misrepresented the amount of spam and bot accounts on its site, his lawyers argued.
In Monday’s filing, Twitter accused Musk of using delay tactics to harm the company in the court of public opinion.
“A preliminary hearing date is mandatory,” the company’s attorneys wrote. “This public dispute harms Twitter every day when Musk violates it. Musk amplifies this harm by using the company’s own platform as a megaphone to discredit it.”
In their filing, Twitter’s lawyers said, “Millions of shares of Twitter trade daily under the uncertainty created by Kasturi. No public company of this size and scope should have to endure this uncertainty.”
Chancellor Kathleen St. J. was assigned to handle the case. McCormick told the party on Monday that he had Covid. He said that instead of delaying the hearing regarding the hearing schedule, we will hold one by teleconference (using Zoom) on Tuesday, July 19.