Twitter Defeats Elon Musk in the Opening Round, and the Court Orders a Trial in October
Judge Kathaleen McCormick, managing Elon Musk’s lawsuit against Twitter, has scheduled a hearing for October.
The board of Twitter has won the first round against Elon Musk, as Judge Katharine McCormick has granted permission for the trial to begin in October. The trial dates have yet to be determined.
The social media business had previously sought a September hearing for the Twitter case against Elon Musk, claiming it required just four days to present its evidence against the Tesla CEO for breaking the $44 billion deal to acquire the company.
In today’s meeting, Twitter’s attorneys claimed that a September trial date was consistent with precedents in comparable instances. Moreover, a trial would “halt the continuing injury Twitter has endured due to the uncertainty surrounding the deal’s completion and Musk’s claimed disparagement.” A hearing in October is the first victory for Twitter, which wants a speedy trial in Delaware.
Elon Musk has requested that the trial be moved to February
The defence team for Elon Musk has asked that the trial be delayed until February 13, 2023. Mr Musk’s attorneys asked for additional time to investigate the disputed statistics on the number of bogus accounts and bots on the social media network.
In today’s hearing, Mr Musk’s defence team reaffirmed their worries about the false account and bot data, arguing that Twitter’s tight timeframe prevented a thorough assessment of the enormous back-end data.
The October decision by Judge McCormick to initiate the Twitter case against Elon Musk was made through Zoom rather than in person since the judge wished to remain isolated this week after testing positive for COVID19.
The announcement of an October trial date for Twitter’s lawsuit against Elon Musk has caused a 4.5 percent increase in the value of TWTR shares on the market.