Twitter has won a victory in its lawsuit against Elon Musk over his attempted exit from a $44 billion takeover deal. In an initial hearing, Delaware Court of Chancery Chancellor Kathaleen McCormick granted Twitter’s request for an expedited five-day trial beginning in October. The company originally requested a four-day trial in September to get Musk to “comply with its commitments.”
Musk’s attorneys asked the court to postpone the trial to February 2023. They claimed Twitter was suddenly in a rush to complete a process and force the acquisition after two months of alleged “foot dragging and obfuscation” over requested data related to bots and other fake accounts. Musk accused Twitter of underreporting the volume of fake accounts (and not providing enough information) to close the deal. As part of the demand for a delay, Musk’s lawyers are also demanding claims They needed more time to sift through Twitter’s “firefighters” raw data.
While Twitter didn’t get exactly what it wanted, the verdict is a clear victory for the social network. It won’t have to wait long for a decision, forcing Musk to rely primarily on the claims he made when announcing plans to pull out of the purchase. There’s a chance Musk will have to proceed with the buyout before the year is out, no matter how much he regrets making the offer.
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https://www.engadget.com/twitter-gets-expediated-elon-musk-trial-164604208.html?src=rss Judge grants Twitter expedited trial against Elon Musk