Legal team Elon Musk pointed out that Twitter He asks for a trial on his failed purchase “very quickly” and asks for a delay until at least 2023.
In accordance with bloombergMusk’s lawyers noted in their response to Delaware’s lawsuit that “the sudden request for Twitter lightning speed after two months of delay and obfuscation is their latest tactic to hide the truth about spam accounts long enough to force defendants out of business.”
Litigation to drag on for months
According to Elon Muskthe lawsuit is moving too fast given that the agreement between Twitter and the mogul set a “best before” date of 24 October.
In this way, Twitter In his lawsuit, he asked that the trial be held before the end of September. However, for the billionaire’s legal team, the trial must take place no earlier than February 13, 2023.
“The main controversy about fake and spam accounts is critical to the value TwitterMusk’s lawyers wrote, echoing the billionaire’s sentiment that led to the suspension of the purchase. “It’s also extremely fact-packed and expert, takes a long time, takes time to discover.”
As one remembers, Elon Musk interrupted the purchase process, requiring the platform to indicate what exact percentage belongs to fake accounts. Mask has 20%, and Twitter notes that it is limited to only 5%.
Big ranges coming soon
Delaware Chancery Judge Katalyn McCormick has scheduled a 90-minute hearing for July 19, in which both sides will present their case for a possible trial in September. This meeting will determine when the case will go to trial.
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Source: RPP
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.