Court rejects Musk’s motion to postpone Twitter trial

Elon Musk

The Tesla founder announced in April that he wanted to take over Twitter for $44 billion.

(Photo: AP)

Wilmington A court in the US state of Delaware granted the motion of Tesla-Boss Elon Musk to a postponement of the proceedings in the dispute over a Twitter– Takeover offer rejected. “I am convinced that even a four-week delay will result in further damage Twitter could cause,” Judge Kathaleen McCormick justified her decision on Wednesday.

Musk’s lawyers argued in court on Tuesday that the trial needed to be postponed so they could investigate whether Twitter misjudged the security of the data.

In August, former Twitter security chief Peiter Zatko, who made a name for himself as a hacker as “Mudge,” said in a complaint that Twitter had falsely stated that it had a good security plan. Musk cites this as another reason not to make the purchase.

Musk announced in April that he wanted to acquire Twitter for $44 billion. In July, with reference to alleged false statements by Twitter about the number of bogus accounts on the platform, he then declared that he would not complete the purchase. Musk and Twitter have therefore sued each other.

Top jobs of the day

Find the best jobs now and
be notified by email.

Twitter wants the court to order the billionaire to close the deal at $54.20 per share. Musk is seeking an injunction to call off the purchase and not have to pay the $1 billion penalty agreed in this case.

More: Elon Musk jokes about buying Manchester United

Source link