“Days gone by two years have already been a truly nightmare of supply chain disruptions, a very important factor after another, and we have been not from it yet,” Tesla CEO Elon Musk said.
Patrick T. Fallon | Reuters
The social media company sued Musk, who’s also the CEO of SpaceX, for taking out of a deal he first proposed in April to get Twitter for approximately $44 billion at $54.20 per share.
The Delaware judge who’s deciding the case, Chancellor Kathaleen St. J. McCormick, advised Twitter’s and Musk’s attorneys of several aggressive deadlines to get ready for a possible trial. For instance, Twitter and Musk have to serve initial discovery requests to third parties by Aug. 1, and must complete depositions by Sept. 29.
The judge also emphasized in a filing late Thursday that “discovery shouldn’t be requested or withheld in order to inflict unreasonable demands on or extract unreasonable advantages from the opposing party.”
Twitter’s attorneys had earlier expressed concern over Musk’s voluminous requests for information in filings to the court, pointing out that the centibillionaire once considered starting a rival service.
In March, Musk wrote this in some tweets: “Considering that Twitter serves because the de facto public town square, failing woefully to stick to free speech principles fundamentally undermines democracy. What ought to be done? Is really a new platform needed?”
Musk, via his attorneys, has repeatedly accused Twitter of “resisting and thwarting” his to information about the amount of bot and spam accounts on the platform.
Twitter plans to carry a shareholder meeting to vote on the acquisition on Sept. 13.