On Wednesday, Kathaleen McCormick, a Delaware judge denied Elon Musk’s request to delay his trial with Twitter over their $44 billion acquisition deal after a former top executive Zatko alleged the Twitter company has serious security vulnerabilities.
The social media company is suing Musk’s decision that he would walk away from the deal and is demanding Elan Musk complete the agreed terms of the deal.
Kathaleen McCormick, Judge of Delaware’s court, affirmed that the trial would start next month. Kathaleen McCormick said to deny the request.
“I am convinced that even four weeks’ delay would risk further harm to Twitter too great to justify,”
Earlier In July, McCormick also refused to grant Musk’s team their request to push the trial to February 2023, opting instead for five days scheduled in October of this year.
Kathaleen McCormick denied the requested delay but she opted to allow Tesla CEO Elon Musk to include a whistleblower complaint from Zatko on Twitter in the case.
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In August, Zatko, formerly a Twitter security executive, released a statement to Washington Post, CNN, and lawmakers. In the complaint, Zatko claimed social media company Twitter’s many security failings and weaknesses and “grossly negligent in many areas of information security” He also alleged that Twitter lied to Elon Musk about their bot accounts.
Alex Spiro, Elon Musk’s attorney said “We hope that winning the motion takes us one step closer to the truth coming out in the courtroom,”
On October 17, We are presenting our case in court and want to close the deal on the price and as per terms agreed with Mr. Elon Musk, said a Twitter spokesperson and also criticized Zatko and defended themselves against the allegations, by saying “false narrative” and is “riddled with inconsistencies and inaccuracies.”.
Professor Brian Quinn, at Boston College law school, said the ruling was a “huge loss” for Musk. “now have to account for the issues he raised with respect to allegations made by Zatko and also won’t get additional time to prepare.”
At Tuesday’s hearing, during the litigation, Twitter’s lawyer also presented a message from Elon Musk and said the billionaire was not concerned about spam accounts.
Elon Musk sent a message as Russia’s president, Vladimir Putin,– to a Morgan Stanley banker in May, a warning the west over his country’s war in Ukraine- “It won’t make sense if we’re heading into World War III to buy Twitter.”
Elon Musk
Elon Reeve Musk born June 28, 1971, is an American business magnate and investor. He is the founder of SpaceX and of The Boring Company; CEO, and Product Architect of Tesla, Inc.; co-founder of Neuralink and OpenAI. As per sources, as of September 7, 2022, Elon Musk’s net worth of around US$253.4 billion. Elon Musk is the richest person in the world according to both the Bloomberg Billionaires Index and Forbes’ real-time billionaire list.
Musk has been criticized for making controversial statements, such as spreading misinformation about the COVID-19 pandemic and promoting perspectives regarding politics and various technologies, especially on Twitter.
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In 2018, the U.S. Securities and Exchange Commission (SEC) sued Musk for falsely tweeting that he had secured funding for a private takeover of Tesla; he did not admit guilt but settled with the SEC, and Tesla’s chairmanship temporarily stepped down. In 2019, he won a case against him made by a British caver who had advised in the Tham Luang cave rescue. In 2022, Musk agreed to purchase Twitter for $44 billion but later started to terminate the deal, leading to lawsuits between both parties in court.