Delaware Prime Minister Cataleen McCormick has ruled twitterIn favor of Tuesday’s speedy trial Forced acquisition of Elon Musk for $ 44 billion Company’s. The 5-day trial will take place in October.
In a hearing, Twitter lawyers Wachtell, Lipton, Rosen & Katz’s Bill Savitt argued that Twitter’s request for the September trial was in good agreement with the timeline of similar cases in the past. He said that Twitter was uncertain about the closing of the transaction. mask..
Sabit also argued for an attempt by Musk, who is also Musk’s CEO. Tesla And SpaceX may say that delaying the trial “runs out of time” by leaving little time for an appeal before the debt promises he made to fund the transaction expire. do not have.
Andrew Rothman of Quinn Emmanuel, Musk’s lawyer, argued that his team was too aggressive to review a large pile of data on Twitter. Mask wants to review to see the percentage of spam accounts on the platform.
Rothman accused Twitter of wanting to “keep secretly hiding” the number and not providing the information Mask had previously asked the company.
However, Savitt said it was not necessary to determine the percentage of spam accounts in this case. This is because “the merger agreement has nothing to validate that question.”
In July, Musk, through a lawyer, letter I explained to Twitter Chief Legal Officer Vijaya Gadde why Billionaire believed that his acquisition should not proceed any further. Lawyers alleged that Twitter underreported the number of spam and fraudulent accounts in messaging services and was unable to send Musk information that would help executives calculate these statistics better.
Later Twitter Proceeded In mid-July, Billionaire refused to respect his obligations to Twitter and its shareholders, as Musk and some of his associates said, “The transaction he signed no longer serves his personal interests. I did it. “
At that time, Twitter was asking for a four-day trial starting in September.
But Mask and his lawyer later Asked A court that dismisses Twitter’s speedy trial request. Instead, Billionaire and his lawyer hope that next year’s court trial will take place, claiming that Twitter has launched “a sudden demand for warp speed after two months of limping and obfuscation.” I’m out.
