BUSINESS Twitter accepts Oct 17 trial but is concerned Musk will try to delay

BUSINESS

Twitter accepts Oct 17 trial but is concerned Musk will try to delay

Global Times

21:28, July 28, 2022

Twitter Logo Photo:Unsplash

Photo:Unsplash

Twitter Inc does not object to a proposal by Elon Musk to start on October 17 a trial over Musk's bid to walk away from his $44 billion acquisition deal but the social media company wants a commitment to complete the trial in five days, Twitter said on Wednesday.

Musk has said he needs time to complete a thorough investigation of what he says is Twitter's misrepresentation of fake accounts, which he said breached their deal terms.

He originally sought a February trial, but on Tuesday proposed an October 17 trial after a judge ruled the proceeding was to start in three months.

Twitter has called the fake accounts a distraction and pushed for the trial to hold Musk to the deal to start as soon as possible, arguing that delay damages its business.

"Twitter sought that commitment because it believes Musk's objective remains to delay trial, render impracticable the Court's expedition order, and thus avoid adjudication of his contractual obligations," said the Twitter filing.

Attorneys for Musk, chief executive of electric car maker Tesla Inc, did not respond to requests for comment.

Twitter also dismissed Musk's claims that the company was dragging its feet in responding to his demands for documents. Twitter said Musk is the one holding up the process by refusing to answer the company's complaint, which it said would clarify the issues and any counterclaims he may assert.

Reuters

Terms of Service & Privacy Policy

We have updated our privacy policy to comply with the latest laws and regulations. The updated policy explains the mechanism of how we collect and treat your personal data. You can learn more about the rights you have by reading our terms of service. Please read them carefully. By clicking AGREE, you indicate that you have read and agreed to our privacy policies

Agree and continue