Jack Dorsey, a founder of Twitter, got a subpoena. So did Marc Andreessen, a prominent venture capitalist. Larry Ellison, Oracle's chairman, and investors David Sacks and Joe Lonsdale received them, too
More than 100 subpoenas have been issued to techies like Jack Dorsey and Marc Andreessen as Twitter tries to force Elon Musk to complete a $44 billion deal. Law firms are stoked. Image: Igor Bastidas/The New York Times
Jack Dorsey, a founder of Twitter, got a subpoena. So did Marc Andreessen, a prominent venture capitalist. Larry Ellison, Oracle’s chairman, and investors David Sacks and Joe Lonsdale received them, too.
They were all summoned to share what they know about the rancorous, knock-down, drag-out tech spectacle of the year: the fight between Twitter and Elon Musk, the world’s richest man.
Musk enthusiastically agreed to buy Twitter in April for $44 billion but has since tried to back out of the blockbuster deal, leading to lawsuits and recriminations. Both sides are set for a showdown in Delaware Chancery Court in October over whether Musk needs to stick with the acquisition. The torrent of legal demands in the case has forced a who’s who of Silicon Valley to lawyer up, creating a heyday for top-tier law firms.
So far, lawyers for Twitter and Musk have issued more than 100 subpoenas, targeting big-name banks (Goldman Sachs, Morgan Stanley), high-profile investors (Andreessen Horowitz, Sequoia), well-known advisers, prominent companies that employ Twitter’s board members (Salesforce, Mastercard) and members of Musk’s entourage.
In the scorched-earth campaign, the lawyers have even subpoenaed each other.
©2019 New York Times News Service