Twitter Inc’s lawsuit against Elon Musk over its possible cancellation of the deal to acquire the microblogging service for $44 billion will take place in Delaware (USA) from October 17-20.
Delaware Chancery Judge Kathaleen McCormick set the date after Musk’s attorneys called Twitter’s call for a first trial on Oct. 10 “baseless” and suggested it be set for Oct. 17. Twitter did not object to this appointment if the procedure was carried out in an urgent procedure – in five days.
Earlier, Elon Musk’s legal team opposed expediting the case and suggested hearings on it begin in February. That would give her enough time to gather evidence that the proportion of questionable Twitter accounts exceeded the five percent reported by the social network. However, the judge agreed with Twitter’s arguments that waiting a long time for the results of this case could cause significant damage to the company.
Twitter lawyers say four days will be enough for Musk to prove questions about spam and shady accounts are just an excuse for Musk to back out of the deal. Twitter said it had given Musk all the information about those accounts and there was no reason to deny the deal. Recall that a special meeting of Twitter shareholders will be held on September 13, dedicated to approving the transaction.