The judge leading the legal battle between Twitter and Elon Musk has set October 17 as the start of the trial to force, or not, the businessman to buy the social network.
Twitter had filed a complaint on July 12 in a Delaware court to force the richest man in the world to fulfill his commitment, made at the end of April, to acquire it for 44,000 million dollars.
The platform requested an accelerated procedure from September, so as not to prolong the period of uncertainty that partially paralyzes the company, while Musk’s lawyers wanted hostilities to begin in court only next year.
Kathaleen McCormick, president of a specialized business law court, had already decided that the trial would take place in October and last five days.
She detailed in a document published late Thursday the timelines for various proceedings, in the run-up to a trial scheduled to take place October 17-21.
She writes there several times that the parties must cooperate “in good faith” to agree how to share documents or organize statements.
Elon Musk had announced in April his intention to own the social network but finally declared in early July that he was terminating the agreement, alleging that the San Francisco-based company allegedly lied about the proportion of automated accounts and spam on its platform.
The social network, which wants the transaction to be completed, called a general meeting of shareholders on September 13 to ratify the operation.
Source: BFM TV
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