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Elon Musk asks court to reject Twitter's request for speedy trial

 2 years ago
source link: https://www.cnbc.com/2022/07/15/elon-musk-asks-court-to-reject-twitters-request-for-speedy-trial.html
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Elon Musk asks court to reject Twitter’s request for speedy trial

Published Fri, Jul 15 20228:10 PM EDTUpdated Fri, Jul 15 20228:15 PM EDT
Key Points
  • Elon Musk wants time to prepare for a trial over his contentious effort to pull out of his agreement with Twitter, according to a filing in a Delaware chancery court by his attorneys.
  • Musk’s team says the trial should wait until next year, while after Twitter requested expedited treatment for a hearing as early as September 2022.

In this article

Tesla CEO Elon Musk speaks at an event in Hawthorne, California April 30, 2015.
“The past two years have been an absolutely nightmare of supply chain disruptions, one thing after another, and we are not out of it yet,” Tesla CEO Elon Musk said.
Patrick T. Fallon | Reuters

Elon Musk wants time to prepare for a trial over his contentious withdrawal from an agreement to buy Twitter for $44 billion, according to a filing in a Delaware chancery court by his attorneys on Friday.

Musk’s team says the trial should wait until next year, after Twitter had requested expedited treatment and a hearing as early as this September.

In their filing, an opposition to a motion filed earlier by Twitter, Musk’s attorneys alleged the company made a “sudden request for warp speed after two months of foot-dragging and obfuscation,” and said this was Twitter’s “latest tactic to shroud the truth about spam accounts.”

An expedited hearing, Musk’s side says, would be an unfair tactic and a way to cover up the extent of the platform’s problems with fake accounts. Earlier this week, Twitter sued Musk, alleging the Tesla CEO was engaging a bad faith effort to back out of the deal.

Musk’s attorneys argued, “it would be an ‘extraordinary feat’ to try a complex busted deal case within even five to six months,” and they say “holding trial in February 2023 would balance the interests of the parties and the Court.”

Twitter was seeking a hearing within about 60 days.

Twitter declined to comment on the matter. Musk didn’t respond to a request for comment.

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