“The last two years have been an absolute nightmare of supply chain disruptions, one event after another, and we are not yet out of it,” said Tesla CEO Elon Musk.
Patrick T. Fallon | Reuters
The social media company is suing Musk, who is also the CEO of SpaceX, for backing out of a deal he first proposed in April to buy Twitter for about $44 billion at $54.20 a share.
The Delaware judge hearing the case, Chancellor Catalyn St. J. McCormick told lawyers for Twitter and Musk of a series of tight deadlines to prepare for a possible trial. For example, Twitter and Musk must serve initial data discovery requests to third parties by August. 1, and should complete readings by September. 29.
The judge also stressed in a statement filed late Thursday that “detection must not be requested or denied in an attempt to make unreasonable demands or obtain unreasonable benefits from the opposing party.”
Twitter lawyers have previously raised concerns about Musk’s voluminous requests for information in court filings, pointing out that the hundred billionaire once considered launching a rival service.
In March, Musk wrote about it in a series tweets: “Given that Twitter serves as a de facto public square, failure to respect the principles of free speech fundamentally undermines democracy. What do we have to do? Is a new platform needed?
Musk, through his lawyers, has repeatedly accused Twitter of “resisting and disrupting” its right to know about the number of bots and spam accounts on the platform.
Twitter plans to hold a shareholder meeting to vote on the acquisition in September. 13.