Jack Dorsey is being ousted in Elon Musk Twitter deal lawsuit today:

Jack Dorsey is being ousted in Elon Musk Twitter deal lawsuit today:

Facebook
Twitter
LinkedIn

Twitter Inc. TWTR co-founder Jack Dorsey will be questioned and questioned under oath by the company’s lawyers on Tuesday morning Elon Musk via Zoom, Bloomberg said, citing a depository writ filed late Monday.

What happened: For the uninitiated, Musk and Twitter have legally challenged each other Tesla Inc. TSLA Decision of the CEO withdraw from a $44 billion deal to buy the social media platform.

Twitter then decided to take legal action to enforce the deal and filed a lawsuit Delaware Chancery Court. Judge Kathaleen McCormick, who is presiding over the case, has granted Twitter’s request and ordered a five-day trial beginning Oct. 17.

See also: Elon Musk’s friend and LinkedIn co-founder was once skeptical of the Twitter deal – ‘Oh my god, another huge problem’

Dorsey was subpoenaed by Musk’s attorneys in late August. In the subpoena, Musk’s attorneys had asked for a number of documents, including those related to the impact of spam accounts on Twitter’s business, the use of mDAU as a key metric, and business plans for analytics to meet mDAU goals .

Dorsey has reportedly called on Musk in private messages to take over Twitter. Dorsey resigned as CEO of Twitter in November to focus on his block inc Q Venture and hands the reins to the Indian Parag Agrawal.

Commenting on Dorsey’s testimony, Gary Black of Future Fund said: “Both sides will depose him because while Jack is friends with Elon and presumably knows where the bodies are buried, it is highly unlikely that he will incriminate himself as ex-CEO of $TWTR.”

Price promotion: Twitter closed Monday’s session at $41.66, up 0.51% Benzinga Pro data.

Continue reading: Elon Musk hurls cheating allegations on Twitter with claims from whistleblowers amid litigation


Read full story here https://www.benzinga.com/m-a/22/09/28925501/jack-dorsey-to-depose-in-twitter-elon-musk-lawsuit-today-what-you-need-to-know

More to explorer