Musk’s 164-page filing is under wraps for now, as Twitter shareholder launches separate action to force entrepreneur to close the deal
, calling the fake account claims a distraction and saying Musk was bound by the merger contract to close the deal at $54.20 per share. The company’s shares ended on Friday at $41.61, the highest close since Musk abandoned the deal.to trial last week, saying she wanted to limit the potential harm to Twitter caused by the uncertainty of the deal.
Musk accused Twitter this week of dragging its feet in response to his discovery requests, and Twitter accused him of seeking huge amounts of data irrelevant to the main issue in the case: whether Musk had violated the deal contract. The chief judge in her order on Friday appeared to anticipate discovery disputes to come. “This order does not resolve any specific discovery disputes, including the propriety of any requests for large data sets,” said McCormick.
Musk also faces a week-long trial in Wilmington, Delaware, beginning 24 October. A Tesla shareholder is seeking to void as corporate waste and unjust enrichment the CEO’s record-breaking $56bn pay package from the electric vehicle maker.