Elon Musk set to depose before Twitter lawyers ahead of Oct trial

Earlier, in a minor win for Tesla CEO Elon Musk, a US court allowed his legal team to make a case that a $7.75 million severance payment to Peiter 'Mudge' Zatko, Twitter's former head of security, allows him to terminate the $44 billion takeover d...

ETtech
The deposition is slated for September 26-27 and may run into September 28 if needed, according to court filings, reports Benzinga.
Tesla and SpaceX CEO Elon Musk is set to depose before the Twitter lawyers earlier this week in the $44 billion takeover deal that he has terminated.

The deposition is slated for September 26-27 and may run into September 28 if needed, according to court filings, reports Benzinga.

The deposition, ahead of the full-blown October 17 legal trial in the Delaware Court of Chancery in the US, will not be a public one.


Earlier, in a minor win for Tesla CEO Elon Musk, a US court allowed his legal team to make a case that a $7.75 million severance payment to Peiter 'Mudge' Zatko, Twitter's former head of security, allows him to terminate the $44 billion takeover deal.

Judge Kathleen McCormick ruled last week that Musk can amend his counterclaims to include the payment to Zatko.

The ruling means that Musk can use the Zatko payment for his argument regarding terminating the deal. Twitter did not oppose the motion, Barron's had reported.
ADVERTISEMENT

Twitter is also seeking if there is a connection between its former head of security and Musk.

Musk has said that the testimony of Twitter whistleblower justifies his termination of the $44 billion deal to buy the micro-blogging platform.

Twitter shareholders had voted to approve the buyout by Musk amid the legal battle.
Download
The Economic Times Business News App
for the Latest News in Business, Sensex, Stock Market Updates & More.
Download
The Economic Times News App
for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
READ MORE
ADVERTISEMENT

READ MORE:

LOGIN & CLAIM

50 TIMESPOINTS

More from our Partners

Loading next story
Business News › Tech › Tech & Internet › Elon Musk set to depose before Twitter lawyers ahead of Oct trial
Text Size:AAA
Success
This article has been saved

*

+