Editors News- A US court ordered a fast-Track trial regarding a dispute between Elon Musk and Twitter.
- A Twitter lawyer declared that Musk is trying to bring down the platform.
The Delaware court in the United States has scheduled a trial for October in the ongoing legal dispute between Elon Musk and Twitter. The case was after the Tesla CEO was accused by the social media platform of damaging its reputation and decreasing its worth. On Tuesday, Twitter requested the U.S court to get a trial date in early September in the dispute centered on Musk’s attempt to obtain the social media giant on a $44 billion deal.
Musk vs Twitter
At the hearing, William Savitt, the lawyer for Twitter, expressed that the platform is suffering because of the uncertainty surrounding Elon Musk’s acquisition. Savitt also said that Musk is aiming to bring down Twitter.
At the same time, Musk’s lawyer Andrew Rossman declined all the statements from Twitter.
He additionally mentioned that Musk is still one of Twitter’s biggest investors. Twitter did not file a lawsuit against Musk for his alleged contract violations until after Musk attempted to end the agreement.
Rossman also stated,
“doesn’t have an incentive to keep this hanging for a long time”.
Recently, Twitter has requested the court to require Musk to finalize the merger at the agreed-upon price of $54.20 per share after Musk allegedly broke various conditions of their contract.
Elon Musk’s Twitter acquisition news attained sharp notice across the world. Musk initially decided to purchase Twitter, but later he changed his decision and claimed that the social media platform had given false information about spam bots. After he backed down from the initiative, Twitter failed to uphold its contractual obligations. Following this, Musk canceled the $44 billion deal Twitter purchase.
Moreover, Musk is still an active user of Twitter. The billionaire recently achieved more than 100 million followers on the social media platform.
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Source: https://thenewscrypto.com/elon-musk-vs-twitter-the-takeover-trial-is-fast-tracked/