Twitter in search of paperwork associated to SEC investigation of Elon Musk

Twitter mentioned in a court docket submitting launched on Thursday that it is attempting to acquire paperwork from Elon Musk associated to a federal investigation into the Tesla CEO’s $44 billion bid for the corporate.

Legal professionals representing Twitter mentioned the corporate first requested for the supplies associated to the investigation on July 22, and that Musk’s authorized staff has didn’t comply, citing “investigative privilege,” in accordance with the submitting.

“Elon Musk is presently below investigation by federal authorities for his conduct in reference to the acquisition of Twitter,” the attorneys wrote. “By way of counsel, he has exchanged substantive correspondence with these authorities regarding their investigations.”

Twitter’s attorneys mentioned the paperwork “bear upon key points on this litigation.”

Musk initially agreed to purchase Twitter in April, earlier than then attempting to drag out of the deal claiming that the corporate hadn’t been clear in regards to the variety of bots and faux accounts on the platform. Twitter sued Musk in July to try to pressure him to shut the deal. The 2 sides have been scheduled to go to trial in Delaware Chancery Court docket on Oct. 17, however final week Musk reversed course once more and mentioned he would buy Twitter on the agreed up on value of $54.20 a share.

A choose from the court docket dominated final Thursday that Musk has till Oct. 28 to shut the acquisition if he desires to keep away from a trial.

Within the meantime, Twitter remains to be pursuing data. The newest submitting refers to a letter the Securities and Trade Fee despatched to Musk in June. The SEC was in search of data associated to a tweet Musk posted in Might, indicating that the “deal can not transfer ahead” till the corporate gives him with extra details about spam and fraud accounts on the platform.

Twitter’s attorneys mentioned producing the paperwork would “create no actual burden, as a result of they’re a discrete set of simply identifiable supplies throughout the information of the attorneys who wrote, reviewed, or acquired them.”

“This sport of ‘disguise the ball’ should finish,” the attorneys wrote.

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