Elon Musk’s Twitter Deposition Rescheduled for October 6-7

Elon Musk’s deposition by Twitter legal professionals has been rescheduled from this week to October 6-7, simply 10 days earlier than a trial over his bid to stroll away from the $44 billion (almost Rs. 3,59,600 crore) takeover, and the delay might play within the social community firm’s favour.

The deposition of the world’s richest individual was initially scheduled for this week however sources near the litigation on Monday mentioned that the timing of the interview was at all times topic to alter given the fast-tracked nature of the litigation.

The two sides are conducting dozens of depositions and reviewing 1000’s of paperwork and communications in preparation for the five-day trial beginning October 17 in Wilmington, Delaware.

Brian Quinn, a professor at Boston College Law School, mentioned that the timing of depositions matter, and Twitter could be higher off delaying the interview of Musk till after they’ve obtained his communications.

“You’re gonna delay your best witnesses for the end, as much as possible, so you have all the discovery,” Quinn mentioned.

Later on Tuesday, Twitter will ask Chancellor Kathaleen McCormick to punish Musk, who’s chief government of automotive firm Tesla, for his authorized staff’s alleged disregard of court docket orders to show over Musk’s messages about his determination to finish the deal.

Musk’s response to Twitter’s movement was filed below seal. His legal professionals have mentioned prior to now that the social media firm was accusing Musk of withholding paperwork and messages to distract the court docket from the corporate’s personal discovery abuses.

Musk’s deposition is anticipated to be a key a part of the litigation. In previous testimony, he has been combative below oath.

Twitter’s attorneys are anticipated to attempt to present that Musk deserted the deal attributable to falling monetary markets.

Twitter desires McCormick to order Musk to shut the deal on the agreed value of $54.20 (almost Rs. 4,400) per share. The billionaire is in search of a ruling that Twitter violated the deal settlement by withholding vital details about customers, permitting Musk to stroll away with out penalty.