Eva Deschamps / August 23, 2022
Elon Musk had former Twitter boss Jack Dorsey served with a subpoena to provide a range of documents, as part of his battle to extricate himself from the social network’s $44 billion buyout deal.
According to documents made public Monday, Dorsey has been ordered to give Musk any records or communications related to the buyout deal made in April, as well as any information about fake accounts or how Twitter calculates the number of active users.
All documents available on these topics at Jack Dorsey since January 2019 are affected. Mr. Dorsey stepped down as Twitter’s CEO in November.
Elon Musk, the world’s richest man, had signed a $44 billion deal to buy the social network, before unilaterally breaking it off in early July.
He believes that Twitter lied about the proportion of automated accounts and spam on its platform, and even claims that the social network has defrauded by voluntarily increasing the number of monetizable accounts.
The social network, on the other hand, claims that spam only represents less than 5% of users.
As soon as the buyout deal fell through, Twitter sued Mr. Musk to force him to honor his promise. Elon Musk counterattacked, with a complaint in which he asked the court to release him from the agreement and to order Twitter to pay him damages.
Lawyers for both sides have been fighting a fierce battle for weeks with subpoenas and subpoenas to provide documents.
A trial is scheduled to begin on October 17in the Delaware Court of Chancery, a court specializing in business law, and will last five days.