Twitter litigation – Elon Musk: Delaware Court yes to request for quick trial
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Twitter litigation – Elon Musk: Delaware Court yes to request for quick trial

Twitter received a request for a swift trial in the litigation against billionaire Elon Musk by the Delaware Court of Clerk, following the latter’s step backwards on the 44 billion acquisitions of the company

The Delaware court ruled that Twitter’s trial of Elon Musk over the latter’s backward step on the company’s $ 44 billion acquisition will take place in October. Twitter had requested an expedited proceeding and proposed starting in September, while Tesla’s boss had asked for the trial to be held in February.

The news is reported by the American media:

The Delaware court ruled that Twitter’s trial of Elon Musk over the latter’s backward step on the company’s $ 44 billion acquisition will take place in October. Twitter had requested an expedited proceeding and proposed starting in September, while Tesla’s boss had asked for the trial to be held in February.

The news is reported by the American media:

The positions of the two parties in question keep their respective legal teams busy and, to date, among the issues there has been precisely that of the speed with which the trial must be held: the Twitter motion asked to speed up the timing so that the trial could take place in 4 days in September, while Musk’s legal team opposed it.

The court’s decision thus appears as a slap in the face of Tesla’s boss, while the social network’s advocate William Savit highlighted how the continuing uncertainty hanging over the company “inflicts damage on Twitter every hour and every day”.

“Musk has been and remains contractually obligated to do his best to conclude this agreement. While what he is doing is the exact opposite: it is sabotage, “Savitt said.

CNN explains that Twitter, which was already struggling to grow its user base and advertising activities prior to Musk’s entry, needs a quick resolution of the legal battle against Tesla’s patron in order to limit the uncertainty for its shareholders, employees and customers and any fallout for its business that could be exacerbated by costly and protracted litigation.