On Monday, the Chief Executive Officer of Twitter, Parag Agrawal, was a no show for his deposition, as he cancelled on Elon Musk’s lawyer, Alex Spiro, a partner at Quinn Emanuel Urquhart & Sullivan.
Agrawal and Musk were scheduled to be deposed this week, with the Twitter CEO coming first, but he informed Musk’s lawyer a day before that he will be absent, with his only reason for his unavailability being “personal.”
This has stalled activities leading to the main court action scheduled for October 17, 2022. Agrawal didn’t give a date he will be available for the deposition that is expected to last for 10 hours.
Both Agrawal and Musk’s deposition will be physical, compared to the virtual deposition other related parties were put through. Twitter co-founder and former CEO, Jack Dorsey, and Jared Birchall, were deposed virtually.
Reports also have it that Musk’s deposition has also been rescheduled, raising question of a possible out-of-court settlement between both the company, Musk, who had agreed to acquire Twitter at $44 billion.
Recall Twitter had sued the Tesla CEO and majority investor for trying to pull out of the deal, after the billionaire cited breach of contract. He also hinted that the cost to purchase the company should be reduced.
However, the social media networking site filed a lawsuit against Musk to force him into completing the $44 billion acquisition. Both parties disagreed over the percentage of spam accounts on the social media platform, with Twitter arguing the figure is less than five percent, but Musk said it’s more.
He also stated that Twitter hid the real figure from the public, and requested that the company submit user data, to enable him probe the actual figure, but when the firm turned down his demand, he disclosed his intention to pull out of the acquisition deal, and that was met by a lawsuit from Twitter.