WILMINGTON, Del., Sept 7 (Reuters) - Elon Musk's can use a whistleblower's claims in his legal case against Twitter Inc (TWTR.N) but the billionaire cannot delay the trial over his attempt to walk away from his $44 billion deal for the company, a judge ruled Wednesday.
"I am convinced that even four weeks’ delay would risk further harm to Twitter," wrote Chancellor Kathaleen McCormick of Delaware's Court of Chancery, in affirming the trial will start next month.
Shares of Twitter rose about 4% in early Wednesday trading to $40.15.
“We are hopeful that winning the motion to amend takes us one step closer to the truth coming out in that courtroom," said Alex Spiro, an attorney for Musk, in a statement.
Musk's legal team argued on Tuesday that justice demanded delaying the five-day trial so Musk could investigate claims by whistleblower Peiter Zatko, known as "Mudge," that Twitter hid weaknesses in its security and data privacy. read more
Musk's initial case against Twitter claimed the company misrepresented the prevalence of spam or bot accounts on the platform.
Last month, Zatko's allegations became public and provided Musk, the world's richest person, fresh ammunition to bolster what legal experts said was a long-shot attempt to walk away without paying a $1 billion termination fee.
“We look forward to presenting our case in court beginning on Oct. 17th and intend to close the transaction on the price and terms agreed upon with Mr. Musk,” said a statement from Twitter...
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