The judge overseeing the legal battle between Twitter and Elon Musk has set October 17 as the start of the trial to force, or not, the entrepreneur to buy the social network. Twitter had filed a complaint on July 12 in a Delaware court to compel the richest man in the world to honor his commitment.
The judge overseeing the legal battle between Twitter and Elon Musk has set October 17 as the start of the trial to force, or not, the entrepreneur to buy the social network. Twitter had filed a complaint on July 12 in a Delaware court to force the richest man in the world to honor his commitment, made at the end of April, to acquire it for 44 billion dollars.
A four-day trial
The platform asked for an accelerated procedure from September, so as not to prolong the period of uncertainty which partially paralyzes the company, while Elon Musk’s lawyers wanted the hostilities to begin in court only the year next. Kathaleen McCormick, president of a tribunal specializing in business law, had already decided that the trial would take place in October and would last five days.
She detailed in a document released Thursday evening deadlines for various procedures, in the run-up to a trial scheduled to take place from October 17 to 21. She writes there several times that the parties must cooperate “in good faith” to agree on how to share documents or organize depositions.
Twitter wants to force Elon Musk to buyout
Elon Musk had announced in April his intention to own the social network, but finally declared in early July that he was ending the agreement on the grounds that the San Francisco-based company allegedly lied about the proportion of accounts. automated and spam on its platform.
The social network, which wants the transaction to be completed, called a general meeting of its shareholders on September 13 to ratify the operation.