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US Judge denies Elon Musk request to delay Twitter trial: Twitter stock spikes

Following the judge’s denial of Elon Musk’s plea to postpone his Twitter trial, Twitter shares increased.

However, the court decided on Wednesday that Elon Musk won’t be allowed to postpone a crucial October Twitter trial over the disagreement. Musk will be able to present new information from a Twitter whistleblower in his attempt to back out of his $44 billion bid to purchase the social media platform. Musk asked for the trial to be postponed by four weeks, but Chancellor Kathaleen St. Jude McCormick, the chief judge of Delaware’s Court of Chancery, refused.

She did, however, let Peiter Zatko, a former Twitter security head who will testify before Congress next week about the company’s lax cybersecurity procedures, add proof to his whistleblower claims. Zatko is a millionaire CEO of Tesla. Twitter has filed a lawsuit against Musk, requesting that a Delaware court compel him to carry out the agreement he reached in April to acquire the business.

The week of October 17 will see the commencement of the trial after Musk filed a countersuit. According to Musk’s legal team, the assertions made by Zatko to American authorities may support Musk’s accusations that Twitter deceived him and the public about the issue with bogus and “spam” accounts the firm was having.

According to Zatko, a well-known cybersecurity expert who goes by the hacker moniker “Mudge,” he was let go in January after raising red flags about Twitter’s carelessness with its users’ security and privacy. Following the Delaware judge’s denial of billionaire Elon Musk’s plea to postpone a trial related to his proposed acquisition of Twitter, Twitter’s stock price increased 4.2% on Wednesday.
Source: AP, Reuters

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Written by Alex Bruno

Alex is a writer with a passion for space exploration and a penchant for satirical commentary. He has written extensively on the latest discoveries in astronomy and astrophysics, as well as the ongoing efforts to explore our solar system and beyond. In addition to his space-related work, Alex is also known for his satirical writing, which often takes a humorous and irreverent look at contemporary issues and events. His unique blend of science and humor has earned him a dedicated following and numerous accolades. When he's not writing, Alex can often be found stargazing with his telescope or honing his comedic skills at local open mic nights.

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