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Elon Musk’s legal team: Twitter ordered whistleblower to destroy evidence

Teslarati

Elon Musk’s legal team threw some allegations against Twitter in a recent filing, with the Tesla CEO’s camp alleging that the social media company had ordered whistleblower Peiter “Mudge” Zatko, its former head of security, to destroy evidence as part of his severance package. Judge Kathaleen St. per share. .

Legal 138
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A123 Systems receives interim court approval of $50M DIP financing from Wanxiang; responds to objections from Wanxiang, Fisker and others on asset sales process

Green Car Congress

announced that the United States Bankruptcy Court for the District of Delaware (the "Court") has granted A123 interim approval to use $50 million of Debtor-in-Possession (DIP) financing, which is being provided by Wanxiang Group Corporation (Wanxiang). Li-ion maker A123 Systems, Inc. Earlier post.). Earlier post , earlier post.)

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Elon Musk new court filing accuses Twitter of fraud

Teslarati

According to the CEO’s legal team, Twitter’s alleged decision to conceal flaws in its data security — as highlighted by whistleblower and former Twitter security chief Peiter “Mudge” Zatko — amounted to fraud and a breach of contract by the social media company. .

Legal 143
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Elon Musk makes opening remarks in SolarCity trial, defends Tesla’s $2.6B acquisition

Teslarati

Elon Musk has made his opening remarks in a Wilmington, Delaware, courthouse on Monday morning, defending Tesla’s $2.6 The lawsuit indicates that Musk applied heavy pressure on Tesla’s board to purchase SolarCity back in 2016, as the company was running low on cash and was likely headed for bankruptcy.

Legal 145
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Tesla’s Chief Accounting Officer sells over 4,450 shares for nearly $3M

Teslarati

The purpose is to make the public aware of the “insider’s various transactions in company securities, including the amount purchased or sold and the price per share,” the SEC writes. Meanwhile, Tesla’s VP of Legal Al Prescott joined LiDAR company Luminar in late April. The Tesla CAO took home $2,947,330.63

India 144
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Lordstown Motors files for Chapter 11, sues Foxconn; selling off Endurance electric pickup

Green Car Congress

Jefferies is acting as financial advisor to the Company, and White & Case LLP is acting as legal counsel. The litigation accuses Foxconn of fraud and willful and consistent failure to live up to its commercial and financial commitments to Lordstown. Earlier post.)

Motor 150
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Twitter urges shareholders to approve $44bn Musk buyout

Teslarati

However, Musk has retracted his interest in purchasing the platform after claiming Twitter has not accurately depicted the site’s population of robot accounts , which could technically affect the valuation of the company. Twitter sued Musk in an attempt to force the purchase. I’d love to hear from you!

Legal 97