Twitter trial against Elon Musk begins October 17th

Twitter now has an exact start date for its trial against Elon Musk over his attempt to back out of his $44 billion purchase offer. The edge Notes that Delaware Court of Chancery Judge Kathaleen McCormick has scheduled the lawsuit’s trial for October 17. The courtroom showdown lasts the promised five days and ends on October 21st.

The timing represents a slight compromise. Twitter had pushed for a four-day trial starting in September. The social media company’s shareholders are scheduled to vote on the acquisition on September 13. Musk’s lawyers wanted to delay the trial until February 2023, arguing that they needed more time to collect and interpret data on Twitter’s volume of fake accounts and bots.

The move ultimately favors Twitter. It only has to wait a few months for a verdict. If Musk’s team doesn’t finish sifting through the data by October, the company could also back its argument that the Tesla boss rushed his offer and doesn’t have enough information to make allegations of fraud. That, in turn, can allow Twitter to either force the deal through or demand compensation for a broken agreement.

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https://www.engadget.com/twitter-elon-musk-trial-start-date-153754397.html?src=rss Twitter trial against Elon Musk begins October 17th

Russell Falcon

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