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The trial of Elon Musk and Twitter will begin on October 17

“The last two years have been a real nightmare of supply chain disruptions happening one after another, and we’re still not out of it,” said Tesla CEO Elon Musk.

Patrick T. Fallon | Reuters

Twitter and Tesla CEO Elon Musk will go to trial in Delaware on Oct. 17 to address Musk’s attempt to reverse his acquisition of the company unless they first reach an agreement.

The social network company sued Musk, who is also SpaceX’s CEO, for backing out of a deal he first proposed in April to buy Twitter for about $44 billion at $54.20 a share.

The Delaware judge handling the case, Chancellor Kathleen St. J. McCormick, has advised lawyers for Twitter and Musk of a series of tight deadlines to prepare for a possible trial. For example, Twitter and Musk must send initial disclosure requests to third parties by August 1st and complete deposits by September 29th.

The judge also emphasized in a statement late Thursday that “discovery should not be required or denied in an attempt to make unreasonable demands or obtain unreasonable benefits from the opposing party.”

Twitter lawyers have previously expressed concern about Musk’s voluminous requests for information in court filings, pointing out that the billionaire once considered creating a rival service.

In March, Musk wrote this in a series tweets: “Given that Twitter serves as a de facto public town square, failure to uphold the principles of free speech fundamentally undermines democracy. What to do? Do we need a new platform?”

Through his lawyers, Musk has repeatedly accused Twitter of “resisting and disrupting” his right to information about the number of bots and spam accounts on the platform.

Twitter plans to hold a shareholder meeting to vote on the acquisition on September 13.



The trial of Elon Musk and Twitter will begin on October 17

Source link The trial of Elon Musk and Twitter will begin on October 17

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