TWTR - Musk to sit for deposition in Twitter trial next week
- Billionaire Elon Musk will sit for a deposition in his high-stakes case against Twitter ( NYSE: TWTR ) next week, as a five-day trial looms within a month.
- Musk will be deposed Sept. 26-27, according to a court filing. That deposition may extend an extra day, into Sept. 28, as needed.
- Meanwhile, Musk attorney Alex Spiro will be deposed Sept. 25.
- That news follows Monday's report that Twitter co-founder and former CEO Jack Dorsey would sit for a deposition Tuesday .
- The depositions promise some more potential fireworks in Twitter v. Musk - the case wherein Twitter is looking to compel Musk to complete a $44B company buyout - as Dorsey, a longtime Musk friend, was a strong backer of the transaction.
- They also mark more milestones that reduce the odds of a settlement in the case. With Twitter's shareholders having approved the deal (with 98.6% of votes cast in favor ), any settlement of the case would need to be resubmitted for another lengthy approval process .
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Musk to sit for deposition in Twitter trial next week