Monday, October 3, 2022
Home TECH Twitter asks the judge for a speedy trial to force Musk to...

Twitter asks the judge for a speedy trial to force Musk to complete the purchase

Twitter filed a motion asking a court to hold a speedy trial for his lawsuit to force Elon Musk to buy the social media giant, saying that each passing day causes more damage to the company.

“This very public dispute hurts Twitter with each passing day that Musk is in breach,” Twitter said in Monday’s filing, adding that Musk “amplifies this damage by using the company’s own platform as a megaphone to disparage him.”

“Millions of shares of Twitter are traded daily under a cloud of doubt created by Musk”, Twitter continued. “No public company of this size and scale has had to endure these uncertainties.”

Twitter southern musk last week, hoping to force him to complete the $44 billion acquisition. The company expects to hold a trial on the matter in September, allowing a judge to rule before a debt financing deal expires in April.

The filing comes just one day before a judge in the Delaware Court of Chancery is due to hold a live hearing on the matter.

Musk initially offered to buy Twitter in April against the wishes of the company’s board, but the body eventually reconsidered. Financial markets began to fall soon after, including shares in Tesla, Musk’s main source of wealth, and he appeared to temper his enthusiasm for the purchase.

Musk’s team then asked Twitter for information about spam accounts, which the social media company said it provided as part of its data “fire hose.” But the billionaire said in July that he would back out of the deal, saying Twitter had not provided enough information about the prevalence of such accounts, citing “substantial breaches of multiple provisions” of the deal.

Twitter rejected that claim, filing a lawsuit to force the deal forward and saying it believed Musk wanted to pull out of the deal due to falling market conditions. The company has long said that it believes around 5% of accounts on its platform are fake.

“Musk offers no reason to think the discovery should be so broad that a trial should wait until next year,” Twitter wrote in the motion on Monday. The company added that Musk’s focus on bots and spam accounts was simply a “sideshow” to allow him to delay litigation.

Musk rejected calls for a speedy trial, and his lawyers said the reality behind the site’s spam accounts “is fundamental to the value of Twitter.” His team has proposed a February date instead.


RELATED ARTICLES

19 Android Settings You Might Not Know About

if you are a typical smartphone user, you average almost five hours a day on your phone now. But beyond video and social...

‘Quordle’ Today: See Every ‘Quordle’ Answer & Suggestion For October 3rd

Welcome back to the work week. I'm sorry, but today's. Quordles it won't help you get back into a routine easily, because it's...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Most Popular

Progressive See extremism only elsewhere

The 9/11 elections in Sweden shocked intellectuals across the West. The Sweden Democrats, a nationalist-populist party founded in 1988 with neo-Nazi loyalties but...

Dr. Oz Closes in on Fetterman in Pennsylvania Senate Race: POLL

Republican candidate Dr. Mehmet Oz is narrowing the Democratic lieutenant's lead in the polls. government John Fetterman in the Pennsylvania Senate race, according...

In a new book, Nikki Haley criticizes the ‘hypocrisy’ of modern feminism

"Women fought for so long to have the freedom to make their own decisions," but now, every thought in their lives is "boxed in...