Court rules Elon Musk can amend Twitter claims
The Chancery Court has ruled that Tesla CEO Elon Musk can include new evidence from Twitter whistleblower Pieter Zatko to bolster his case and walk away from his $44 billion Twitter buyout deal.
The court, however, said Mr Musk could not delay the October trial.
On Wednesday, Chancellor Kathaleen St Jude McCormick, the head judge of Delaware’s Court of Chancery, rejected Mr Musk’s plea to stall the trial by four weeks.
“The longer the delay until trial, the greater the risk of irreparable harm to Twitter,” Ms McCormick said, noting the company “has been forced for months to manage under the constraints of a repudiated merger agreement.”
The five-day trial is to start on October 17 in the Delaware court.
However, Ms McCormick has allowed evidence related to whistleblower allegations by Mr Zatko, who is to testify at Congress next week about the company’s poor cybersecurity practices.
Last week, Mr Musk sent an additional letter of deal termination to Twitter after executing a subpoena to Mr Zatko seeking documents on how the social media company measures spam accounts.
Mr Zatko accused the social media platform of “extreme, egregious deficiencies” in its practices around spam and hacker attacks, adding that Twitter infringed the terms of an 11-year-old settlement with the Federal Trade Commission by falsely claiming it had a solid security plan.
In July, Twitter sued Mr Musk, asking the Delaware court to compel him to go through with his April agreement to buy the company for $54.20 a share.
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette
Opinion
Chidi Okereke: MMWTV: The Rise and Rise of Ololade-mi Asake
After Seven Number 1 songs, and an album that is already scattering everywhere, Mr Money With The Vibes cannot seem to put his foot (or voice) anywhere wrong.
Anti-Corruption
Former Trump adviser Stephen Bannon turns himself in over fraud allegations
Mr Bannon is facing criminal charges for his part in ‘We Build the Wall Inc.’, a group that raised $25 million to build a wall along the border with Mexico.
Politics
It’s fight to finish; Atiku told me Ayu will resign: Wike
He insisted that Mr Ayu’s resignation was a precondition for peace in the party.
NationWide
N198 billion budgeted for 2023 census: Osinbajo
Mr Osinbajo also said the federal government has spent the sum of N21 billion in the mapping of the country into enumeration areas for the 2023 census.
Africa
Egypt records first monkeypox case
The case was detected amid ordinary epidemiological monitoring procedures by the ministry.
Sport
I’m incredibly proud to join Chelsea, Potter says after signing 5-year deal
Graham Potter said he is incredibly proud and happy to represent Chelsea FC