London, Europe Brief News – A Delaware judge approved a motion to expedite Twitter’s lawsuit against Elon Musk on Tuesday, according to The Wall Street Journal.
The chancery court judge set a five-day October trial in Twitter’s lawsuit against Musk over the stalled merger.
Twitter had asked for a mid-September trial, while Musk sought a trial date in February 2023.
He said, they said: In April, Musk offered to buy Twitter for $54.20 per share, a deal that valued the company at about $43 billion. In a letter sent to Twitter’s lawyers last week, Musk said the contract was a bust, claiming Twitter failed to provide adequate information about the number of its over 200 million accounts that are fake or bot-driven and that it has breached its obligations under the deal by firing top managers and laying off a significant number of employees.
The ruling comes from the Delaware Court of Chancery, which heard Twitter’s call for “expedition” of its case after the company sued Mr Musk to complete his buyout of the social media site.
“No one disputes Twitter’s claims are colorable here. The narrow question is: how expedited should these proceedings be?”, Chief Judge Kathaleen St. J. McCormick said.
“Defendant asks for a seven-month trial date, and advances a few arguments that the Court accounts for [but the] defendants underestimate the ability of this Court to process complex litigation.
“The reality is that delay threatens the risk of irreparable harm. We should go to trial in October of this year.”
