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The Latest Breaking News from Kathaleen McCormick

Elon Musk is synonymous with Tesla. Is that good or bad for shareholders?

"Musk is Tesla and Tesla is Musk," one analyst wrote in a recent note. Musk's reign has catapulted the car company to enormous success. But it also carries serious risks, a judge recently concluded.

WEKU

Who is Richard Tornetta, the heavy metal drummer who may cost Elon Musk $56 billion

In a stunning legal upset, Elon Musk, the visionary behind Tesla, faced one of the heftiest legal defeats in US corporate history. A Delaware court axed Musk's whopping $56 billion compensation package, a decision steered by an unlikely figure: Richard Tornetta, a former heavy metal drummer with a modest nine-share…

The Times of India

Elon Musk Left Furious After US Court Cancels Billion Dollar Tesla Pay-Out

The financial compensation package, consisting of $55.8 billion, was dubbed "an unfathomable sum" by Chancery Court Chief Judge Kathaleen McCormick.

International Business Times UK

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Three cheers for the Delaware judge who stood up to Elon Musk

At last: a judgment that injects a dose of sanity into the process of handing out executive rewards

The Guardian - UK

Musk testifies he will ‘reduce’ time at Twitter and eventually hand over reins

The Tesla CEO was in a Delaware court to defend a 2018 $56bn pay package that helped him become world’s richest man

The Guardian - US

The twisty, drama-filled Elon Musk-Twitter saga: a timeline

A chronicle of months of corporate to-and-fro, distrust and unpredictability

The Guardian - US

Elon Musk Twitter saga could draw to end as deadline looms

Tesla chief executive has been given until 28 October to buy social network to avoid Delaware court case

The Guardian - UK

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Banks stand to lose at least $500m if they fund Elon Musk’s Twitter takeover

Morgan Stanley and six others committed in April to raise $13bn in debt to finance the purchase – before a deterioration in credit markets

The Guardian - US

What happens now that Twitter v Elon Musk trial has been delayed?

All you need to know about the latest developments in the twisting takeover saga

The Guardian - UK

Advantage Elon Musk? How Delay In Twitter Trial Could Benefit Tesla CEO

Delaware Chancery Court Judge Kathaleen McCormick, on Thursday, stayed the legal battle between Elon Musk and Twitter Inc. (NYSE: TWTR) until Oct. 28 to allow the two parties to close the deal.

Benzinga

Twitter v Elon Musk: what happens next in the takeover saga?

The Delaware trial that the social media firm brought is still due to proceed despite Musk’s latest U-turn

The Guardian - UK

Twitter v Musk trial still on as neither side requested a pause, judge says

Billionaire offered to complete his proposed $44bn buyout of Twitter in a dramatic U-turn on decision to withdraw from deal

The Guardian - US

Elon Musk May Have Deleted Messages Related To Twitter, Trial Must Move Ahead: Judge

Despite news that Elon Musk again submitted a bid to acquire social media platform Twitter Inc (NYSE: TWTR), a trial between the Tesla Inc (NASDAQ: TSLA) CEO and the acquisition target is still on.

Benzinga

Elon Musk deposition in Twitter fight rescheduled for first week of October

Musk to be questioned under oath by Twitter lawyers on 6 and 7 October in preparation for five-day trial over abandoned $44bn takeover

The Guardian - US

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Asharq Al-Awsat

Elon Musk’s Twitter Deposition Rescheduled for Oct. 6-7

Elon Musk is scheduled to be questioned under oath by Twitter Inc lawyers on Oct. 6-7 as the social media company prepares for a trial next month over the billionaire' s bid to walk away from a $44 billion takeover, according to a Tuesday court filing. Musk's deposition was originally…

The Guardian - UK

Elon Musk fails in bid to delay trial over terminated Twitter deal

Case will go ahead next month but his countersuit can be expanded to include whistleblower’s allegations

Benzinga

Twitter Stock Jumps After Judge Denies Musk's Request To Delay Trial: What You Need To Know

Twitter Inc (NYSE: TWTR) shares traded higher Wednesday after a court denied Elon Musk's request to delay the trial in the social media platform's lawsuit against the Tesla Inc (NASDAQ: TSLA

Benzinga

How Will TWTR's Price React To Court Saga?

Twitter Inc. (NYSE: TWTR) is on track to closing August on the red as billionaire Elon Musk finds new reasons to back out of his $44 billion deal to take over the social media company.

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Benzinga

Benzinga Before The Bell: Elon Musk's Demand For Broad Twitter Data Dismissed, Xiaomi Wants To Join EV Race, Bed Bath & Beyond Plans To Share Turnaround Strategy Next Week And Other Top Financial Stories Friday, August 26

CNBC The Aviation Sector Is Slammed By Sky-High Rents

Asharq Al-Awsat

Twitter Ordered to Give Musk Additional Bot Account Data

A US judge told Twitter on Thursday to surrender more data to Elon Musk on fake accounts, a key issue the billionaire is using to try to cancel his buyout bid. While Judge Kathaleen McCormick allowed the Tesla boss's team an opening to bolster its argument that Musk was misled,…

Evening Standard

Elon Musk countersues Twitter in bid to walk away from $44bn takeover deal

Elon Musk has countersued Twitter on Friday in an escalation of his legal fight against the company in a bid to walk away from the $44bn (£36.1bn) deal.

Benzinga

Benzinga Before The Bell: Jury Finds Tesla 1% Negligent In Model S Crash, Bitcoin Sees $148M Liquidations, Amazon-Backed Zoox Robotaxi Set For Debut And Other Top Financial Stories Wednesday, July 20

CNBC

Financial Times

Judge grants Twitter fast-track trial to decide fate of $44bn Musk deal

Social media platform wins early victory in fight to force billionaire to complete acquisition

Input

Twitter wins bid for expedited Musk trial, to begin in October

Musk's lawyers argued for the trial to begin in February 2023, but their reasoning was very meh.

WEKU

Twitter's lawsuit against Elon Musk will go to trial in October

A Delaware judge ruled the trial will last for five days in October, giving Twitter an early victory in its legal battle against the Tesla CEO. The company had argued that any delay would hurt it.

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