Attorneys for Musk claimed that Twitter’s proposed case schedule is “an obvious attempt to squeeze defendants.”
FILE - Elon Musk attends The Metropolitan Museum of Art's Costume Institute benefit gala on May 2, 2022, in New York. Attorneys for Musk are complaining, Tuesday, July 26, 2022, that Twitter is slow-walking document production in advance of an October trial to decide whether the Tesla CEO should be forced to complete a $44 billion acquisition of the social media company. – Twitter has set Sept.
“We are committed to closing the merger on the price and terms agreed upon with Mr. Musk. Your vote at the special meeting is critical to our ability to complete the merger,” Twitter said in a letter to its shareholders. and take it private, offering $54.20 a share and vowing to loosen the company’s policing of content and to root out fake accounts. As part of the deal, Musk and Twitter had agreed to pay each other a $1 billion breakup fee if either was responsible for the deal collapsing.Musk, the world’s richest man, indicated earlier this month that, prompting Twitter to file a lawsuit to hold him to what it describes as a “seller-friendly” agreement.
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