Just ten days before a trial over his attempt to walk away from the $44 billion (almost Rs. 3,59,600 crore) buyout, Elon Musk's deposition by Twitter attorneys has been moved from this week to October 6-7. The delay may work in the social network company's favor.
The world's richest person's deposition was initially set for this week. Still, on Monday, sources close to the case indicated that given how quickly the action is moving, the time of the interview is always susceptible to change.
In preparation for the five-day trial beginning on October 17 in Wilmington, Delaware, the two sides are taking dozens of depositions and examining thousands of documents and conversations.
Professor Brian Quinn of Boston College Law School remarked that the timing of depositions matters and Twitter might be better off delaying the interview of Musk until after they have obtained his communications.
Quinn advised delaying your best witnesses until the very end to allow for as much discovery as feasible.
Twitter will seek Chancellor Kathaleen McCormick to punish Tesla CEO Elon Musk later on Tuesday for what Twitter claims is his legal team's disobedience of court orders to provide over messages concerning Musk's decision to cancel the agreement. Musk is the founder and CEO of Tesla.
Under seal, Musk responded to Twitter's request. In the past, Musk's attorneys claimed that the social media giant accused him of hiding documents and messages to draw attention away from the firm's discovery abuses.
The case is anticipated to focus heavily on Musk's deposition. He has been confrontational while testifying under oath in the past.
It's anticipated that Musk abandoned the agreement because of deteriorating financial markets, according to Twitter's legal team.
Twitter wants McCormick to give Musk the mandate to consummate the transaction at the agreed-upon price of $54.20 (just about Rs. 4,400) per share. The billionaire is asking for a decision that Twitter broke the terms of the agreement by hiding crucial user data, enabling Musk to go without facing any consequences.