Twitter Defeats Elon Musk In The Opening Round As The Judge Has Scheduled A Trial For October.
The trial will officially start in October thanks to Judge Kathaleen McCormick’s approval, which gives the Twitter board the upper hand over Elon Musk. The trial’s precise dates have not yet been disclosed.
The social media giant had earlier asked for a September hearing for the Twitter case against Elon Musk, claiming that it just required four days to provide its proof that the Tesla CEO had broken the $44 billion deal to acquire the business.
In today’s meeting, Twitter’s attorneys claimed that a September trial was reasonable given the timing of earlier trials in cases like this. A quick trial would also “stop the ongoing harm Twitter has experienced from the uncertainty of the deal’s closure and alleged disparagement by Musk,” according to the statement.
Twitter’s first victory in its fight for a quick trial in the Delaware Court comes in the form of an October hearing.
The defense team for Elon Musk had pushed for a February 13, 2023 trial date. The legal team for Mr. Musk was asking for extra time to investigate the disputed statistics about the amount of bots and false accounts on the social media network.
In today’s hearing, Mr. Musk’s legal team reiterated their worries about the fake account and bot data, arguing that a hurried timeframe was too aggressive for a full examination of the vast back-end data from Twitter.
Judge McCormick’s decision to start the Twitter lawsuit against Elon Musk in October was made via Zoom instead of in person because the judge wanted to isolate this week after testing positive for COVID19.
The market price of TWTR shares increased by 4.5%Â after hearing that Twitter’s case against Elon Musk will go to trial in October.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
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Twitter Defeats Elon Musk In The Opening Round As The Judge Has Scheduled A Trial For October.
The trial will officially start in October thanks to Judge Kathaleen McCormick’s approval, which gives the Twitter board the upper hand over Elon Musk. The trial’s precise dates have not yet been disclosed.
The social media giant had earlier asked for a September hearing for the Twitter case against Elon Musk, claiming that it just required four days to provide its proof that the Tesla CEO had broken the $44 billion deal to acquire the business.
In today’s meeting, Twitter’s attorneys claimed that a September trial was reasonable given the timing of earlier trials in cases like this. A quick trial would also “stop the ongoing harm Twitter has experienced from the uncertainty of the deal’s closure and alleged disparagement by Musk,” according to the statement.
Twitter’s first victory in its fight for a quick trial in the Delaware Court comes in the form of an October hearing.
The defense team for Elon Musk had pushed for a February 13, 2023 trial date. The legal team for Mr. Musk was asking for extra time to investigate the disputed statistics about the amount of bots and false accounts on the social media network.
In today’s hearing, Mr. Musk’s legal team reiterated their worries about the fake account and bot data, arguing that a hurried timeframe was too aggressive for a full examination of the vast back-end data from Twitter.
Judge McCormick’s decision to start the Twitter lawsuit against Elon Musk in October was made via Zoom instead of in person because the judge wanted to isolate this week after testing positive for COVID19.
The market price of TWTR shares increased by 4.5%Â after hearing that Twitter’s case against Elon Musk will go to trial in October.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join CoinCu Telegram to keep track of news: https://t.me/coincunews
Follow CoinCu Youtube Channel | Follow CoinCu Facebook page
Patrick
CoinCu News
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