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Elon Musk v Twitter trial date announced by judge


The trial between Elon Musk and Twitter has just been announced by a judge.

The world’s richest man and the social media company can be in court for five days between 17 October and 21 October.

The trial will happen in Delaware Court of Chancery.

Twitter is attempting to force the billionaire to make good on his April promise to purchase the corporate for $44bn (£37bn).

The corporate wanted the billionaire to be tried in court on the earliest possible date – which might have been in September – while Mr Musk wanted the trial in February 2023.

Mr Musk leaving the deal can be “invalid and wrongful”, Twitter says, claiming that Mr Musk “apparently believes that he – unlike every other party subject to Delaware contract law – is free to alter his mind, trash the corporate, disrupt its operations, destroy stockholder value, and walk away”.

Twitter filed to sue Mr Musk earlier this month, arguing the tech billionaire is legally sure to perform the acquisition despite claims from the Tesla chief executive that the variety of bots on the platforms was misrepresented to him and subsequently he’s inside his rights to walk away from the deal.

“Twitter has failed or refused to offer this information. Sometimes Twitter has ignored Mr Musk’s requests, sometimes it has rejected them for reasons that seem like unjustified, and sometimes it has claimed to comply while giving Mr Musk incomplete or unusable information,” Mr Musk’s attorney said in a letter to the Twitter board.

Twitter subsequently filed with the Delaware Chancery Court. Mr Musk replied to the news via a tweet: “Oh the irony lol”.

It’s unclear who will come out victorious on this case, but when Mr Musk loses it seems unlikely that he’ll give you the option simply to walk away from the deal without paying a penalty.

Should Mr Musk refuse to purchase Twitter despite being ordered to by a judge, he may very well be held “in contempt and set a day by day high quality until he complies”, Brian Quinn, a Boston College law professor who teaches concerning the law regarding mergers and acquisitions, told Bloomberg. “For Musk, that will should be a slightly large number.”

Tesla, which is owned by Mr Musk, can also be a Delaware corporation – and as such could open the unprecedented scenario during which the court would go after Mr Musk’s stock options.

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