Twitter on Monday provided a response to Friday’s Elon Musk Response In the company’s lawsuit against the billionaire, saying that Musk’s request to postpone the trial “failed on every level.”
why does it matter: Tuesday’s hearing in Delaware Chancery Court will determine whether the trial moves forward in September.
- Twitter requested an urgent trial in a file lawsuit She filed against Musk last Tuesday.
details: In Monday’s filing, Twitter argued that Musk’s response does not argue that Twitter’s lawsuit meets the criteria for an expedition.
- Citing historical legal precedents, Twitter argues that issues like those related to it lawsuit It is “routinely expedited” because it “fits easily the criteria of an expedition.”
- The filing said: “The only remaining condition – shareholder approval – is expected to be met before Twitter’s September trial requests. Regardless of the conclusions, Musk provides no reason to believe that the discovery should be so widespread that a trial should wait until Next year”.
- Twitter also reiterated that Musk’s issue with the number of Twitter spam accounts “is a contractually unrelated sideshow that Musk wants to use to disparage Twitter and perpetuate this litigation.”
- In its lawsuit against Musk last week, Twitter called Musk’s exit strategy for using Twitter’s bot issue as a justification for pulling out of his $44 billion deal a “model of hypocrisy,” saying that Musk initially said he wanted to buy the company to help fix. Spam issues.
The Big Picture: The filing represents the latest development in a chaotic legal battle between the tech giant and Musk, ahead of what is likely to be a more chaotic trial.
- Musk initially offered to buy Twitter at $54.20 per share, above its trading price at the time and a larger premium today, in April.
- As markets collapsed in the following weeks, Musk began backing out of the deal, claiming that the company had not disclosed enough information about the number of bots on its platform — an argument that legal experts say would not hold up in court.
deepen: The merger term that could decide Twitter vs. Musk
“Typical beer advocate. Future teen idol. Unapologetic tv practitioner. Music trailblazer.”
More Stories
JPMorgan expects the Fed to cut its benchmark interest rate by 100 basis points this year
NVDA Shares Drop After Earnings Beat Estimates
Shares of AI chip giant Nvidia fall despite record $30 billion in sales