Twitter seeking documents related to federal investigation of Elon Musk

2 years ago 97

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Twitter said successful a tribunal filing released connected Thursday that it's trying to get documents from Elon Musk related to a national probe into the Tesla CEO's $44 cardinal bid for the company.

Lawyers representing Twitter said the institution archetypal asked for the materials related to the probe connected July 22, and that Musk's ineligible squad has failed to comply, citing "investigative privilege," according to the filing.

"Elon Musk is presently nether probe by national authorities for his behaviour successful transportation with the acquisition of Twitter," the lawyers wrote. "Through counsel, helium has exchanged substantive correspondence with those authorities concerning their investigations."

Twitter's lawyers said the documents "bear upon cardinal issues successful this litigation."

Musk initially agreed to bargain Twitter successful April, earlier past trying to propulsion retired of the woody claiming that the institution hadn't been transparent astir the fig of bots and fake accounts connected the platform. Twitter sued Musk successful July to effort and unit him to adjacent the deal. The 2 sides were scheduled to spell to proceedings successful Delaware Chancery Court connected Oct. 17, but past week Musk reversed course again and said helium would acquisition Twitter astatine the agreed up connected terms of $54.20 a share.

A justice from the tribunal ruled past Thursday that Musk has until Oct. 28 to adjacent the acquisition if helium wants to debar a trial.

In the meantime, Twitter is inactive pursuing information. The latest filing refers to a missive the Securities and Exchange Commission sent to Musk successful June. The SEC was seeking accusation related to a tweet Musk posted successful May, indicating that the "deal cannot determination forward" until the institution provides him with much accusation astir spam and fraud accounts connected the platform.

Twitter's attorneys said producing the documents would "create nary existent burden, due to the fact that they are a discrete acceptable of easy identifiable materials wrong the files of the attorneys who wrote, reviewed, oregon received them."

"This crippled of 'hide the ball' indispensable end," the lawyers wrote.

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