Elon Musk Subpoenas Jack Dorsey In Twitter Lawsuit

deadline.com:

Elon Musk has subpoenaed Twitter founder and former CEO Jack Dorsey in the lawsuit between the social media platform and the billionaire Tesla founded that once wanted to buy it.A flurry of subpoenas by both sides have been landing regularly in Delaware Chancery Court ever since a judge, or Chancellor as they’re called in the nation’s busiest business tribunal, set an October trial date.Twitter sued Musk last month after he tore up an agreement he’d made in late April to buy the company for $44 billion, or $54.20 a share, cash.

There was a $1 billion breakup fee but Twitter says that’s only if one party reneges for good cause. Its lawsuit claimed the termination was due to buyers remorse, which would not apply.

Musk has accused Twitter of under-reporting the number of fake or spam accounts on its site. The Musk camp has filed a counter-suit against Twitter.Today’s subpoena says Dorsey, a friend and ally of Musk during the takeover process, is “hereby commanded.

all business and excuses being laid aside, to respond in writing to this subpoena and to produce for inspection and copying the books, documents, or tangible things in your possession, custody, or control” requested by defendants — specifically anything regarding the merger deal and  docs “reflecting, referring to, or relating to the impact or effect of false or spam accounts on Twitter’s business and operations.”At a hearing on July 19, Chancery Court Judge Kathaleen McCormick set a five-day trial in October to hear the suit.