22.6 C
New York
Thursday, May 23, 2024

Reviving PC Appeal: How Artificial Intelligence Could Spark a Comeback

The race to integrate artificial intelligence (A.I.)...

Negotiations between Israel and Hamas Reach Impasse

Efforts to broker a ceasefire and secure...

By Friday, Musk’s answer to the Twitter complaint will be made public.

BusinessBy Friday, Musk's answer to the Twitter complaint will be made public.

Elon Musk’s answer to Twitter’s lawsuit on his effort to back out of a $44 billion purchase of the social media giant must be made public by Friday evening at the very latest, according to a ruling that was handed down on Wednesday by a court. On Wednesday, Musk’s legal team wanted to file a public version of their rebuttal and counterclaims in the case that is now pending in Delaware. However, attorneys for Twitter said that they needed more time to review Musk’s sealed petition in order to possibly redact it since it “extensively” relates to Twitter data and internal information that was sent to Musk.

Following a short teleconference on Wednesday, Chancellor Kathaleen St. Jude McCormick agreed with Twitter’s position and issued an order mandating that the public contribution be docketed by Friday at five o’clock. It’s possible that Twitter’s legal team may conclude their review sooner, which would mean that the request might be made sooner.

A public version of Musk’s response cannot be docketed until after five full working days have elapsed, according to the legal team representing Twitter, who noted that this is required under the court’s norms.

Musk claims that Twitter has not provided him with sufficient information on the number of fake accounts that are used to access the site. It has been reported on Twitter that Elon Musk, CEO of Tesla Inc., is making an effort to consciously terminate the deal since the market has deteriorated and the acquisition is no longer in his best interests. Musk or Twitter would be entitled to a $1 billion breakup fee if the failure of the agreement is ascribed to the other party. In this scenario, the failure of the agreement would be attributed to the other party. Twitter, on the other hand, is looking for more and has asked the court to grant a “specific performance” injunction, which would require Musk to fulfil the terms of the agreement.

Check out our other content

Check out other tags:

Most Popular Articles