Maddening cachoteries – Elon Musk continues to make headlines about it its proposed acquisition of Twitter. The company’s lawyers want to know the billionaire’s statements to regulators, as part of a federal investigation.
Elon Musk takes on SEC and FTC: Twitter wants to know more
“This hide and seek game must end”. In a letter dated Oct. 6, Twitter’s attorneys informed Judge Kathaleen St. J. McCormick of the Delaware Chancellery Court of the need for their client to access documents relating to a investigation federal authorities about Elon Musk.
They want Twitter lawyers know the details of the exchanges between the billionaire, on the one hand, and the SEC and the Federal Trade Commission (FTC) in the United States, on the other. Earlier this year, the SEC had in fact sent a request to Elon Musk on how to declare his participation in Twitter.
On April 4, Tesla founder presented theBuy more 9% Twitter – or more precisely its takeover bid – or on a date that shows with a week late with respect to regulatory provisions. Elon Musk had also made an unsuitable deposit for large investors.
The FTC, meanwhile, questioned whether the 9% stake should have been disclosed to the public. It also considered the antitrust issues related to this proposed acquisition.
>> Protect your cryptocurrencies on a Ledger wallet. Free shipping (trade link)
It’s not me, it’s the other: small low blows between two giants
From 6 October the legal brawl between the billionaire and Twitter has Not still been officially suspendedalthough Elon Musk has indicated that he ultimately intends to complete the Twitter purchase.
This request to the judge is part of Twitter’s top management strategy. They put the pressure on the counterpart from July this year. The target. the goal? Let Elon Musk’s team return them “all communications with any government authority regarding the merger”.
The lawyers did not play the Twitter game, obviously citing the confidentiality of communicationrelationships with your customer. And apparently they have no intention of voluntarily joining the request yet.
The avocat d’Elon Musk, Alessio Spirohad called the letter from the Twitter attorneys to “false maneuver”accusing in turn the company’s top management of being the subject of a federal investigation, inaddressing to Bloomberg News. Twitter executives refuted these allegations.
In the absence of an agreement between the two parties by October 28, Judge Kathaleen St. J. McCormick announced that she was ready to organize a trial in Novemberthe trial scheduled for October 17 having been canceled.
The deal is not closed yet. These umpteenth riots around the proposed acquisition of Twitter will end up dissuading Elon Musk’s most loyal and tenacious partnerswho keeps their financing offer for the moment?
The certainties of the old financial world are eroding .. but it’s not because of Bitcoin! Protect your cryptocurrencies from current economic turpitudes storing them on a Ledger key. Increase your purchasing power, shipping costs are offered (commercial link).
