Elon Musk Opposes Twitter’s Fast-Track Trial Request in Filed Motion

Elon Musk filed a movement on Friday opposing Twitter Inc’s request to fast-track a trial over his plan to terminate his $44 billion deal for the social media agency.

Musk’s legal professionals, in papers filed with the Delaware Chancery Court, stated Twitter’s “unjustifiable request” to hurry the merger case to trial in two months must be rejected.

It is the most recent transfer in what guarantees to be a serious authorized showdown between Twitter and Musk. The San Francisco-based firm is searching for to resolve months of uncertainty for its enterprise as Musk tries to stroll away from the deal for what he says is Twitter’s “spam bot” downside.

Twitter sued Musk on Tuesday for violating the deal to purchase the social media platform, asking a Delaware court docket to order the world’s richest individual to finish the merger on the agreed worth of $54.20 (roughly Rs. 4,500) per share.

The firm requested the trial start in September as a result of the merger settlement with Musk terminates on Oct. 25.

“Twitter’s sudden request for warp speed after two months of foot-dragging and obfuscation is its latest tactic to shroud the truth about spam accounts long enough to railroad defendants into closing,” Musk’s submitting stated.

Musk’s legal professionals argued the dispute over false and spam accounts is prime to Twitter’s worth and intensely fact- and expert-intensive. They stated it might require substantial time for discovery and requested a trial date on or after February 13 subsequent yr.

The debt financing bundle dedicated by banks for Musk’s acquisition expires in April 2023. That means if the trial started in February and didn’t end by April, the deal may collapse.

Twitter declined to touch upon Musk’s newest movement.

Shares of Twitter had been down about 1 p.c in prolonged buying and selling.