Twitter has been granted an October trial against Elon Musk, who recently canceled his plans to buy the social media company.
October Trial Date
Elon Musk may not walk away from Twitter so easily.
Musk announced on July 8 that he would cancel his planned acquisition of Twitter. In response, Twitter said it would continue to pursue the deal by taking legal action against Musk.
Now, the court case that could force the deal to proceed is set for October. Chancellor Kathaleen McCormick, chief judge of the Delaware Court of Chancery, ruled in favor of Twitter today and granted the firm a five-day expedited trial.
Twitter’s lawyer—Bill Savitt of Wachtell, Lipton, Rosen & Katz—said that a speedy trial is necessary to prevent damage from being done. He added that Musk’s “continued uncertainty… inflicts harm on Twitter, every hour of every day.”
Furthermore, a delayed trial could cause complications. The two firms previously set a “drop dead” date that would allow either party to walk...
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