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The Latest Breaking News from Kathaleen McCormick

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

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

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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 May Own Twitter in Three Days

The billionaire CEO of Tesla has until October 28 to complete the acquisition of the social network for $44 billion.

The Street

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

Stocks Edge Lower, Retail Sales, Bank Earnings, Caterpillar And Elon Musk In Focus - Five Things To Know

Stock futures lower after huge Wall Street rally; Retail sales in focus after hot inflation data; JPMorgan leads bank earnings parade amid deal slump; Elon Musk under federal probe linked to Twitter takeover, court papers show and Caterpillar waves retirement rules, CEO Jim Umpleby to remain.

The Street

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Stocks Edge Lower, Week Ahead, Tesla, Ford, Twitter - Five Things To Know

Stock futures edge lower as October rally faces inflation test; Week Ahead: earnings, inflation and Fed minutes in focus; Tesla sees record September china sales after Shanghai re-boot; Ford, GM shares slump after UBS downgrade and Twitter shares move closer to Musk takeover price of $54.20.

The Street

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

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The Guardian - US

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

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 Street

Twitter Bid: Elon Musk Is Scheduled to Be Grilled

The CEO of Tesla is being sued after abruptly withdrawing his offer to acquire Twitter for $44 billion.

The Street

Twitter Shareholders Approve $44 Billion Musk Acquisition

Move comes as outspoken Tesla CEO continues to fight to get out of the deal over spam and fake accounts.

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The Street

Did Vladimir Putin Play a Role in Musk's Twitter Withdrawal?

The world's richest man is embroiled in a legal battle as he tries to walk away from a deal to buy microblogging website Twitter.

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

The Street

Elon Musk Wins Request to Add Whistleblower Complaint To Twitter Case, But Is Denied Trial Delay

Chancellor Kathaleen McCormick said Elon Musk can add Whistleblower complaints to his Twitter counter-suit, but must be prepared for an October 17 trial.

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.

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,…

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