That Twitter, Inc. TWTR Whistleblower complaints might be just what the doctor ordered Elon Musk and his legal team, who are already trying to buy time.
What happened: Corresponding Reutersat a hearing in the Wilmington, Delaware Court of Chancery, Musk’s attorney Alex Spiro filed a complaint in court Kathleen McCormick to delay the lawsuit launched by Twitter to enforce the Tesla CEO’s deal to take the social media company private. Spiro argued that it would be a few weeks before Musk considered the complaint from whistleblower Peiter Zatko, also known as Mudge in his social circles.
Zatko, a cybersecurity expert and former Twitter employee, said in a Complaint filed with several federal agencies that the social media platform violated an 11-year-old settlement agreement with the Federal Trade Commission over a sound security plan.
See also: Twitter is asking judges to order Elon Musk to turn in texts sent between January and July
Twitter wants the trial to start on schedule: Twitter Advocate William Savitt, meanwhile said Musk is using the whistleblower allegations to squirm out of a deal he made without properly assessing the risks. He called for Musk and his team to be barred from attaching whistleblower complaints to the lawsuit, and even if they do, the five-day trial is scheduled to begin on 17 Oct.
To show that Musk isn’t too keen on completing the deal, Savitt read a text from a message Tesla, Inc. TSLA CEO mailed to one of the deal’s financiers in May, implying the billionaire figured it wouldn’t make sense to proceed with the acquisition if World War III should break out.
The judge ended Tuesday’s hearing without saying when she would rule, the report added.
Price promotion: Twitter closed Tuesday’s session little changed at $38.65, but is up 1.22% in after-hours trading Benzinga Pro data.
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