Elon Musk Asks Judge to Schedule Twitter Trial Starting October 17: Details

Elon Musk requested a decide to schedule a five-day trial starting October 17, not October 10 as requested by Twitter, to resolve his bid to stroll away from his $44 billion (roughly Rs. 3,51,540 crore) deal to accumulate the social media platform, in accordance with a court docket submitting on Tuesday.

A lawyer for Musk, the world’s richest individual, mentioned he was writing to ask the decide to “break the impasse to allow things to move forward promptly.”

Twitter declined to remark.

Chancellor Kathaleen McCormick, the chief decide on Delaware’s Court of Chancery, final week ordered an October trial, which guarantees to be one of many greatest Wall Street authorized fights in years. However, she left it to the events to work out the exact schedule.

Musk, who’s the chief government of electrical car maker Tesla, had requested a February trial, which he mentioned supplied the time he wanted for a radical investigation of pretend accounts on Twitter. He mentioned the corporate misrepresented its consumer numbers and due to this fact breached the merger settlement, permitting him to stroll away.

The firm, which had requested a September trial, mentioned the faux account challenge was a distraction and deal phrases require Musk to pay up.

The Musk letter additionally requested the decide to order Twitter to right away produce what it known as “core documents,” require Twitter to provide all uncooked knowledge by August 1 and require the corporate to provide paperwork inside 18 days of a request.

Musk accused Twitter of refusing to right away present paperwork reminiscent of manuals and insurance policies relating to energetic day by day consumer calculations and synthetic intelligence and “all items in the data room.”

© Thomson Reuters 2022