Trial of Elon Musk's Twitter Purchase to Begin in October
Trial of Elon Musk's Twitter Purchase to Begin in October

Trial of Elon Musk's Twitter Purchase to Begin in October

19 july, 20221 minute to read
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Delaware Chancery Court Chief Judge Kathaleen St. J. McCormick has ruled that a five-day trial against Musk for attempting to abandon the Twitter takeover will be held in October.

In April, Musk agreed to buy Twitter for $44 billion, but then he decided to pull out of the deal because, according to him, there is a huge number of bots on Twitter. In response, Twitter sued to force Musk to complete the deal.

At the hearing, which was held remotely, Twitter's lawyer William Savitt said Musk's arguments about the bots were an unconscionable attempt to back out of the deal. He told the judge that Musk was "contractually obligated to use his best efforts to close deal.” Instead, he is “doing the exact opposite.” He added:

He’s engaging in sabotage.

Twitter originally wanted to set a date in September, while Musk asked for February. The judge ruled that the five-day trial should take place in October and is longer than Twitter asked for, but shorter than Musk wanted.

19 july, 2022
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